DIVIDENDS AND EARNINGS.

Crain's Detroit Business, July, 1999

American Axle & Manufacturing Holdings Inc. (NYSE: AXL) posted second-quarter net income of $33.7 million or 67 cents a share on sales of $800 million, compared with a loss of $7 million or 16 cents on sales of $462.9 million a year ago. Detroit-based American Axle's second quarter last year was hurt by strikes at two General Motors Corp.

plants. For the first half of the year, American Axle's net income was $62.7 million or $1.28 a share on sales of $1.49 billion, compared with $9.9 million or 23 cents on sales of $1.05 billion a year ago. Champion Enterprises Inc. (NYSE: CHB), the Auburn Hills-based housing manufacturer, reported increased net income for the second quarter, which ended July 3. Net income for the quarter was $29.2 million or 59 cents...

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