AAM formed on March 1, 1994
Founded in 1994, AAM is a leading automotive supplier of driveline and drivetrain systems and related components, chassis systems and metal formed products.
1900-1993 | 1994-1999 | 2000-Present
AAM can trace its history to the beginning of the 20th century and the infancy of the automotive industry. The foundation for what is now AAM was established in 1917 when General Motors Corporation built an aircraft parts manufacturing facility in Detroit, on the land where AAM’s World Headquarters and flagship North American facility now stands. Later, automotive parts were added to the product mix. By 1920, two additional plants had been built in Detroit to meet the increased demands of the burgeoning automotive industry. Two additional plants were constructed in Detroit in the ‘40s and ‘50s.
The facilities remained under the General Motors umbrella until late 1992, when General Motors publicly announced that 18 of its manufacturing plants were for sale – five of which encompassed the Final Drive and Forge Business Unit of GM.
In response to the GM announcement, Richard E. Dauch, who had recently retired from the Chrysler Corporation as executive vice president Worldwide Manufacturing, formed a small investment team to purchase five driveline and forging assets that GM had up for sale. On March 1, 1994, AAM became a stand-alone, independent, multi-billion-dollar Tier One automotive supplier.
Since its inception, AAM has invested approximately four billion dollars in capital expenditures efficiently and appropriately. AAM has also invested nearly one billion in applied research and development since 1994 and continues to increase its investment in product, process and systems technology in order to drive its future global growth. As a result, AAM now operates the industry’s most modern, efficient, and flexible driveline facilities in the world.
The company continues to expand it's product portfolio to incorporate high technology systems and electronics for the growing global markets.
In 1994, only five percent of AAM’s products contained electronics. Today over 80 percent of its products incorporate electronics. AAM’s continuous investment in R&D, its focus on product, process and systems technology, as well as its exceptional quality, delivery and productivity improvements have all played a critical role in making AAM one of the most successful Tier One automotive suppliers in the world. AAM is well known for its program management and exceptional launch capabilities.
On January 29, 1999 AAM became a publicly traded company on the New York Stock Exchange (NYSE) with the ticker symbol AXL. Today, it is one of the largest automotive supplier in North America, and ranks in the top 50 Tier One suppliers in the world.
“Today all of our facilities have a highly trained workforce,” says AAM Co-Founder, Chairman & CEO Richard E. Dauch. “We use the latest and best technology and deliver precision engineered, value-added products with world-class quality."
At AAM our focus is on the future but we have a deep respect for our history. We hope that our brief historical timeline will help you to understand the foundation on which AAM is built.Print this Page