American Axle revenue, profit climb in first quarter

American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period, with adjusted earnings of $205.6 million, up 18 percent. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year.