AAM expects 2012 sales of 2.8 to 2 billion U.S. dollars

According to Reuters, the American axle manufacturing AAM expects its 2012 sales to be higher than market expectations. In its view, sales of US automobiles will increase in 2012, and non-GM sales of the company will increase substantially.

AAM expects the company's sales in 2012 will reach 28-29 billion US dollars. Industry analysts expect AAM’s 2012 sales to reach US$2.83 billion.

AAM expects the company's capital expenditures will account for 6% of sales in 2012. From 2012 to 2014, non-GM sales growth of the company will be double the company's total sales growth.

U.S. Axle Manufacturing Company expects that in 2012, US car sales will reach 13 million to 13.5 million. In 2011, the United States sold 12.8 million vehicles.