• AXL:

  • Price:

    $7.93

  • 0.47 (-5.60%)

  • Day High:

    $8.40

    Day Low:

    $7.69

AXL:

Price:

$7.93

Day High:

$8.40

0.47 (-5.60%)

Day Low:

$7.69

Investor News

Investor News

6/28/2022

AAM Names Top Suppliers During Annual Supplier Day

DETROIT, June 28, 2022 -- American Axle & Manufacturing named its top suppliers during the company’s recent 28th Annual Supplier Day. The award recognizes key suppliers with Supplier of the Year and Supplier Excellence Awards. AAM has recognized exceptional suppliers each year since its founding in 1994.

“We congratulate our Supplier of the Year and Supplier Excellence Award winners,” said Michael K. Simonte, AAM President. “Our supplier partners are a critical part of the AAM mission to deliver the industry’s best driveline, metal forming and EV technologies to our global customers. We thank all our suppliers for the work they do to support AAM.”

Supplier of the Year Awards were presented to the Webco Industries and Incora.

Webco is a direct-material supplier that provides a wide range of specialty, precision steel tubing. The company simultaneously launched 10 new programs with over 100-part numbers, on time and with flexibility to accommodate changing customer requests with no disruptions.

Incora is an AAM indirect chemical supplier that has consistently exceeded performance targets and made significant contributions to sustainability initiatives at multiple facilities.

Additionally, 10 suppliers were awarded with the AAM Supplier Excellence Award for their demonstrated success in delivery, launch, quality and innovation. Awardees include:


Delivery:

SKF
Promax Engineering, LLC
Höganäs

Launch:

PGI Auto Components (Kunshan) Co., Ltd
TENARIS TAMSA
Mahindra CIE Automotive, Ltd. (Gear Division)

Quality:

Tenneco Powertrain – Manitowoc, WI
ILJIN Bearing ART
Erie Steel Treating

Innovation:

UnitedSiC (now Qorvo)

A team of AAM associates from global procurement, product engineering, supplier quality, manufacturing and supply chain management selected this year's award winners based on AAM's scorecard rating of its suppliers' delivery performance, product quality, launch execution and technology leadership. 

About AAM

As a leading global Tier 1 Automotive and Mobility Supplier, AAM (NYSE: AXL) designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit with nearly 80 facilities in 17 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.

 

6/14/2022

AAM Electric Drive Unit Powers Mercedes-AMG GT 63 S E PERFORMANCE

DETROIT, June 14, 2022 -- American Axle & Manufacturing’s (NYSE: AXL) electric driveline technology powers AMG’s first plug-in hybrid electric (PHEV) model, the Mercedes-AMG GT 63 S E PERFORMANCE.  AAM supplies the performance car’s rear drive unit, which was recently named a 2022 Automotive News PACETM Award finalist.

“AAM’s Electric Drive Unit provides superior vehicle performance in a compact, power-dense design,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “This contract to supply Mercedes-AMG’s newest hybrid performance car showcases AAM’s industry-leading, award-winning electric drive technology. It continues our work to be the supplier of choice for OEMs as they expand their electric propulsion and e-mobility offerings.”

The electric drive unit, located on the rear axle, is the first volume production application combining a mechanical all-wheel drive system with a 2-speed electric drive module. This P3 system layout, with the electric motor on the rear axle, optimizes the weight distribution and increases the total output torque, compared to a transmission mounted electric motor (P2 hybrid). 

Innovative design features include an electromechanical actuated two-speed gearbox and electromechanical controlled limited slip differential (eLSD) providing state of the art shifting times and traction.  

The performance car can generate 620kW/843hp at peak levels, clock a 0-62 mph time of 2.9 seconds, and achieve a top speed of 316 kph (196mph). AAM’s e-Drive provides power/torque output of 150 kW/204 hp, adds performance in hybrid drive and helps enable zero emissions.  

With the launch of the Mercedes-AMG GT 63 S E PERFORMANCE, AAM further continues its transformation into a leading supplier of electric drive technology.

The PACE Award recognizes automotive suppliers for superior innovation, technological advancement and business performance and are accepted around the world as the industry benchmark for innovation. Awards will be announced in September 2022.

 

About AAM

As a leading global Tier 1 Automotive and Mobility Supplier, AAM (NYSE: AXL) designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit with nearly 80 facilities in 17 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.

 

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  • Experienced and proven management team
  • Strong core business focused on high demand products, complimented by global profitable growth opportunities 
  • Flexible and variable cost structure with a proven track record of effectively adjusting our business to current market demand
  • Superior profit margin and strong free cash flow yield driven by AAM's operating system and the benefit of vertical integration
  • Highly innovative and scalable electrification propulsion technologies designed to accelerate growth and serve multiple regions, customers and vehicle segments