CHICAGO American Axle
& Manufacturing Holdings Inc. says it has a backlog of new
and incremental business launching from 2013 through 2015 that
it values at $1.25 billion in future annual sales.
The backlog represents a
4-percent gain from the previous three-year backlog for
2012-14, the Detroit-based company said, ascribing the growth
to American Axles exposure to global growth markets, an
innovative product portfolio and a widening customer base.
Among the drivers of American
Axles increased order backlog are its EcoTrac
all-wheel-drive system, which will be featured on a major
passenger car and crossover vehicle program beginning in 2013.
More than 50 percent of the new backlog is for customers other
than General Motors Co., indicating more diversified sales
outlets encompassing Chrysler Group LLC, Daimler AG, Ford Motor
Co., Honda Motor Co., Jaguar Land Rover Plc, Nissan Motor Co.,
Tata Motors Ltd., Volvo Powertrain AB and others.
About two-thirds of American
Axles updated backlog for the next three years is for
passenger car, crossover vehicle and commercial vehicle
programs. About 40 percent of the new business is for programs
sourced outside of North America, supporting the drivetrain
component makers expansion in the growing global markets
of Brazil, China, India and Thailand.
"Our success in growing the new
business backlog is supporting our ability to grow faster than
the industry with an estimated compound annual growth rate of
greater than 10 percent from 2012 through 2015," president and
chief executive officer David C. Dauch said in a statement.
American Axle purchases a
significant amount of steel bar, tubing, flat steel and cast
aluminum products; manufacturing driveline and drivetrain
systems and related components; chassis systems; and
metal-formed products for light trucks, sport utility vehicles,
passenger cars, crossover vehicles and commercial vehicles.