AAM is targeting Adjusted EBITDA in the range of $725M-$800M. Reflects the impact of increased R&D spending to support new programs and electrification growth opportunities. AAM is targeting adjusted free cash flow in the range of $225M-$300M; this target assumes capital spending of approximately 3.5%-4.0% of sales.These targets are based on the following assumptions for 2023: North American light vehicle production of approximately 14.5M-15.1M units. Current customer production and launch schedules and operating environment.
Published first on TheFly
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