BANGKOK: AAM has unveiled first quarter net income up 15% to US$61.1m compared to US$53.2m million last year. “Our strong first quarter financial results position AAM to achieve our full year 2016 financial targets,” said AAM chairman and CEO, David Dauch.
“As we look forward to the remainder of 2016, we remain focused on supporting the launch of programmes in our new business backlog and advancing AAM’s product technology to drive long-term profitable growth and shareholder value.” AAM’s sales in the first quarter of 2016 were US$969.2m compared to US$969.1m in the first quarter of 2015.
AAM’s content-per-vehicle is measured by the dollar value of its product sales supporting customers’ North American light truck and SUV programmes. In the first quarter of 2016, AAM’s content-per-vehicle was US$1,611 compared to US$1,676 in the first quarter of 2015.
AAM manufactures, engineers, designs and validates driveline and drivetrain systems and related components, as well as modules, chassis and electric drive systems and metal-formed products for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles. In addition to locations in the US, (Michigan, Ohio, and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan,Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.
