Historia del inversor

Publicado en marzo 25, 2020

AAM proporciona actualización sobre el impacto de la COVID-19

DETROIT, 25 de marzo de 2020 - American Axle & Manufacturing Holdings, Inc. (AAM), (Bolsa de valores de Nueva York (NYSE): AXL), anunció hoy que, como consecuencia de la inesperada interrupción en la producción de vehículos ligeros y de la incertidumbre económica causada por el impacto de la pandemia de la COVID-19, AMM está retrayendo su panorama financiero para el año 2020.

"Durante este tiempo sin precedentes para AAM, la industria automotriz y el mundo, nuestra prioridad sigue siendo la salud y el bienestar de nuestros asociados, sus familias y nuestras comunidades", comentó David C. Dauch, presidente y director ejecutivo de AAM. "Además, hemos implementado medidas significativas (como la flexibilización de nuestra estructura de costo variable y la gestión intensa de nuestros gastos controlables) para adaptar nuestras operaciones a los programas de producción revisados de nuestros clientes".

A partir del 25 de marzoº, AAM tenía más de $600 millones en efectivo en mano, que incluye una disminución reciente de $200 millones en su instalación de crédito renovable. Además, considerando esta reciente disminución, AAM tiene actualmente alrededor de $700 millones disponibles en nuestra comprometida instalación de crédito renovable y aproximadamente $90 millones en instalaciones de crédito extranjero disponibles. No hay vencimientos de deudas importantes antes de octubre de 2022.

Declaraciones prospectivas

Este informe puede contener declaraciones prospectivas y otra información relacionada con asuntos que no son hechos históricos. Estas declaraciones prospectivas implican ciertos riesgos e incertidumbres que podrían hacer que los resultados reales difieran considerablemente de aquellos expresos o implícitos en estas declaraciones. Estos riesgos e incertidumbres incluyen la falta de certezas sobre la duración y los efectos de la pandemia de la COVID-19 y los factores detallados de vez en cuando en los informes que presentamos ante la SEC, incluidos aquellos descritos en los "Factores de riesgo" de nuestro Informe anual del Formulario 10-K y nuestros Informes trimestrales del Formulario 10-Q. Estas declaraciones prospectivas son válidas únicamente a partir de la fecha del presente informe. Renunciamos expresamente a toda obligación o compromiso de divulgar cualquier tipo de actualización o revisión de cualquier declaración prospectiva contenida en el presente para reflejar cambios en nuestras expectativas al respecto o cualquier cambio en los eventos, condiciones o circunstancias sobre las cuales se basa dicha declaración.

Acerca de AAM

AAM (Bolsa de valores de Nueva York [NYSE]: AXL) tiene el PODER que mueve al mundo. Como líder mundial del sector de proveedores automotrices de nivel 1, AAM diseña, crea y fabrica tecnologías de línea de transmisión y conformado gracias a las cuales la próxima generación de vehículos será más inteligente, liviana, segura y eficiente. Con su oficina central en Detroit, AAM cuenta con más de 20,000 asociados que operan en casi 80 instalaciones en 17 países para asistir a nuestros clientes en las plataformas globales y regionales con un enfoque en la calidad, la excelencia operacional y el liderazgo en tecnología. Para obtener más información, visite aam.com.

Para Más Información:

MEDIOS DE COMUNICACIÓN

Christopher Son

Vicepresidente de Comunicaciones corporativas y mercadotecnia

+1 (313) 758-4814

Contacto
AMERICAN AXLE & MANUFACTURING

One Dauch Drive
Detroit, MI 48211-1198

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Declaración a Futuro

On this website and elsewhere in attached materials, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance.  Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results.  The terms such as “will,” “may,” “could,” “would,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “project,” "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and may differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to:

  • reduced purchases of our products by General Motors Company (GM), FCA US LLC (FCA), or other customers;
  • reduced demand for our customers' products (particularly light trucks and sport utility vehicles (SUVs) produced by GM and FCA);
  • our ability to develop and produce new products that reflect market demand;
  • lower-than-anticipated market acceptance of new or existing products;
  • our ability to respond to changes in technology, increased competition or pricing pressures;
  • our ability to attract new customers and programs for new products;
  • our ability to consummate and integrate acquisitions and joint ventures;
  • risks inherent in our international operations (including adverse changes in trade agreements, tariffs, immigration policies, political stability, taxes and other law changes, potential disruptions of production and supply, and currency rate fluctuations, including those resulting from the recent United States presidential election and the United Kingdom's vote to exit the European Union);
  • negative or unexpected tax consequences;
  • liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers;
  • our ability to achieve the level of cost reductions required to sustain global cost competitiveness;
  • supply shortages or price increases in raw materials, utilities or other operating supplies for us or our customers as a result of natural disasters or otherwise;
  • our ability or our customers' and suppliers' ability to successfully launch new product programs on a timely basis;
  • our ability to realize the expected revenues from our new and incremental business backlog;
  • risks related to a failure of our information technology systems and networks, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber attack and other similar disruptions;
  • global economic conditions;
  • our ability to maintain satisfactory labor relations and avoid work stoppages;
  • our suppliers', our customers' and their suppliers' ability to maintain satisfactory labor relations and avoid work stoppages;
  • price volatility in, or reduced availability of, fuel;
  • our ability to protect our intellectual property and successfully defend against assertions made against us;
  • our ability to attract and retain key associates;
  • availability of financing for working capital, capital expenditures, research and development (R&D) or other general corporate purposes including acquisitions, as well as our ability to comply with financial covenants;
  • our customers' and suppliers' availability of financing for working capital, capital expenditures, R&D or other general corporate purposes;
  • changes in liabilities arising from pension and other postretirement benefit obligations;
  • risks of noncompliance with environmental laws and regulations or risks of environmental issues that could result in unforeseen costs at our facilities;
  • adverse changes in laws, government regulations or market conditions affecting our products or our customers' products (such as the Corporate Average Fuel Economy (CAFE) regulations);
  • our ability or our customers' and suppliers' ability to comply with the Dodd-Frank Act and other regulatory requirements and the potential costs of such compliance;  and
  • other unanticipated events and conditions that may hinder our ability to compete.
It is not possible to foresee or identify all such factors and we make no commitment to update any forward-looking statement or to disclose any facts, events or circumstances after the date hereof that may affect the accuracy of any forward-looking statement.