American Axle & Manufacturing Announces New Business Backlog of $850M for 2011 - 2013

American Axle & Manufacturing Holdings, Inc. AXL today announced that its backlog of new and incremental business launching from 2011 through 2013 is estimated at $850 million in future annual sales. AAM's new business backlog for 2011 – 2013 is more than 20% higher than the previous three year backlog for 2010 – 2012. AAM's $850 million new and incremental business backlog for 2011 – 2013 reflects its successful efforts to diversify the business by increasing AAM's exposure to global growth markets, advancing and innovating AAM's product portfolio, and growing AAM's customer base. AAM's new business backlog for 2011 – 2013 supports AAM's goal of achieving a $3 billion sales target in 2013, which would result in a compound annual growth rate in sales of approximately 10% for the next three calendar years.