Friday, July 27, 2007

CORRECTED - UPDATE 2-American Axle 2nd-qtr earnings jump 67 pct

(Reuters) - American Axle also said its backlog of new business, a key focus of auto parts suppliers, has increased by about $400 million to $1.2 billion for vehicle programs starting in the 2008 to 2012 time period.



Net income rose to $34 million, or 64 cents per share, in the second quarter, from $20.4 million, or 40 cents per share, a year earlier.


Read more at Reuters.com Market News

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