Automobile axle supplier American Axle Company (abbreviated as “AAMâ€) announced on November 16, 2010 that the company’s new orders for 2011-2013 will reach US$850 million. This is 20% more than AAM's order volume in 2010-2012.
AAM's business orders for 2011-2013 will help the company achieve its target of annual sales of 3 billion US dollars in 2013 and may achieve a compound annual growth rate of 10% during 2011-2013.
More than two-thirds of orders are from passenger cars, cross-border vehicles and commercial vehicle projects. In addition, more than 60% of orders are from outside North America, which will help the company to rapidly expand in emerging markets such as Brazil, China, India and Thailand.
American Axle is the largest axle company in the United States. It is a multinational corporation that designs, processes, sells and services automotive components. AAM has strong forces in automobile suspensions, axles, etc., and is a giant in the world's auto parts manufacturing industry. It began production of axles as part of General Motors in 1919 and became a listed company in 1999. It owns the United States, Brazil, and Mexico. We have 17 production bases and more than 100 key customers in 12 countries around the world. In 2006, it had sales of US$3.3 billion and sales of General Motors accounted for 70% of its sales. Other customers included Dai-Ke Corporation, Nissan Corporation, and Korea Ssangyong Corporation.
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