American Axle Maintains FY21 Sales Outlook - Quick Facts

While reporting financial results for the first quarter on Friday, American Axle & Manufacturing Holdings, Inc. (AXL) maintained its sales guidance for the full-year 2021, but currently expects toward the high-end of the range.

For fiscal 2020, the company continues to project sales in the range of $5.3 billion to $5.5 billion. On average, analysts polled by Thomson Reuters expect the company to report sales of $5.41 billion for the year.

The company noted that the sales target is based on North American light vehicle production in the range of 15.0 million to 15.5 million units.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google has revoked its three-year ban on cryptocurrency-related ads on its sites under the search giants' new ad services policy. This action will now allow cryptocurrency exchanges and wallets certified by Google to advertise their products and services on Google's network, beginning August 3, 2021. The UK's competition regulator said Friday that it has secured commitments from Google to address concerns about the tech giant's proposal to remove third-party cookies from Chrome browser. Archer Aviation, a developer of electric vertical take-off and landing or eVTOL aircraft, unveiled its autonomous electric two-seater aircraft, named "Maker", marking a milestone towards its commercial launch. The California-based air mobility company, which has already received orders from United Airlines, will use its inaugural aircraft prototype for testing as it works towards certification.
Follow RTT