American Axle evolves into global supply powerhouse

Mar 29, 2013 | 12:56 PM | Corinna Petry

Tags  American Axle & Manufacturing, General Motors, David Dauch, new vehicle platforms, Jaguar Land Rover, Volkswagen, Daimler, Mercedes Benz corinna petry

CHICAGO — When General Motors Co. spun off its axle/powertrain business to American Axle & Manufacturing Holdings Inc. in 1994, the Detroit-based automaker accounted for 97 to 98 percent of the unit’s sales.

Today, GM accounts for roughly 70 percent of American Axle’s sales, and that needle will move down to 60 percent this year and to 50 percent by 2015, president and chief executive officer David C. Dauch said at Merrill Lynch & Co. Inc.’s 2013 New York Auto Summit. He said his company had diversified by geography, product and customer base.....

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