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Detroit-Based American Axle Profits Top Forecasts.

By Fred O. Williams, The Buffalo News, N.Y. Knight Ridder/Tribune Business News

Oct. 31--Shares of American Axle & Manufacturing Holdings touched a new high on Thursday after the auto parts maker announced record quarterly results and upgraded its profit projection for the year.

The Detroit-based company has about 2,700 workers at plants in Buffalo, the Town of Tonawanda and Cheektowaga.

Shares of American Axle closed up 10 cents at $34.55 on the New York Stock Exchange, after reaching $35.20 earlier in the day.

Before the market o

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