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AAM Named One of Crain’s Fast 50

Published on August 13, 2018

Crain’s Detroit Business has named American Axle & Manufacturing to its Fast 50 list of fastest growing companies. With a three-year revenue percentage change of 70%, AAM ranked No 5 on the list.

Crain’s cited AAM’s record sales and profit along with growth from light vehicle production in North America, Asia and Europe as reasons for growth. “The company also benefited from consumer demand and increased global market share of crossover vehicles, SUVs and full-size trucks, and from strong commercial vehicle and industrial market demand,” said the Crain’s feature.

The annual survey ranks the fastest-growing companies in Metro Detroit. Crain’s determines the results by percentage revenue growth between 2014 and 2017 and also by the dollar amount of revenue growth.

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