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American Axle said its first-quarter net income rose 14 percent, helped by record sales resulting from its acquisition last year of Metaldyne Performance Group.
American Axle posted record sales driven by strong light-truck production, as it continues to absorb the benefits of its Metaldyne acquisition.
Detroit's heavy-duty and off-road axle and brake maker AxleTech is being reborn as a supplier to electric garbage trucks, buses and construction vehicles.
American Axle, one year after announcing its $3.3 billion Metaldyne acquisition, saw the benefits of the blockbuster deal flow into its third-quarter earnings report.
Vice President Mike Pence touted President Donald Trump's tax reform plan on a trip to auto supplier American Axle in suburban Detroit.
Vice President Mike Pence is scheduled to appear this week at American Axle, which drew condemnation for negotiating concessions from a union and then shifting production to Mexico anyway.
Some of the world's top auto-parts suppliers aren't buying all the enthusiasm about the electric vehicles hyped by Tesla CEO Elon Musk and larger automakers trying to keep up.
American Axle reported a jump in revenue along with a net income slump, as it digests its recent acquisition of Metaldyne.
The industry might be planning a shift to electrification, but American Axle and its competitors are winning more business from traditional powertrains.
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