Technology That Drives The Industry

  • AXL:

  • Price:

    $7.18

  • 0.28 (-3.75%)

  • Day High:

    $7.33

    Day Low:

    $6.95

AXL:

Price:

$7.18

Day High:

$7.33

0.28 (-3.75%)

Day Low:

$6.95

Events
Events & Presentations Calendar

Past Events

Sep 14

2:05 PM ET

AAM to Present at Morgan Stanley's 10th Annual Laguna Conference

Sep 13

AAM to Present at RBC Global Industrials Conference

Aug 10

8:00 AM ET

AAM to Present at J.P. Morgan Auto Conference
Investor News

Investor News

9/20/2022

AAM Recognized with Three PACE Awards for Innovative EV Technology

DETROIT, Sept. 20, 2022 - - American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) was honored with three Automotive News PACE awards, the automotive industry’s most prestigious award regarding innovation. AAM was named a winner of a PACE Award, a PACE Innovation Partnership Award and a PACEpilot Innovation to Watch all for the company’s electric drive innovations. The awards were announced on Sept. 19.

“We are once again honored and grateful to be named an Automotive News PACE, PACE Innovation Partnership Award and PACEpilot Innovation to Watch winner for our electrification technologies,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “Our products continue to lead the industry in power density, compact packaging, value and innovation and this recognition further supports our work to help our global customers transition to an electric future.”

PACE Award

The PACE award recognizes automotive suppliers for superior innovation, technological advancement, and business performance. AAM was honored for its P3 2-speed Electric Drive Technology featured on the Mercedes-AMG GT 63 S E PERFORMANCE.

AAM’s P3 2-speed Electric Drive Technology is the first volume production application of a P3, 2-speed architecture in a drive axle. The unit also incorporates an electronic limited slip differential (eLSD), another industry first for an electric drive unit. (A P3 hybrid architecture adds an electric machine between the output of the transmission and the wheels. For this application, the electric machine was placed within the axle.)

The 28th annual PACE Awards were presented by Automotive News. The competition was open to suppliers that contribute products, processes, materials, or services directly to the manufacture of cars or trucks. The Automotive News PACE Award is accepted around the world as the industry benchmark for innovation.

PACE Innovation Partnership Award

AAM and Mercedes-AMG were recognized for their high levels of collaboration that rise above everyday joint efforts with a PACE Innovation Partnership Award for work on the P3 2-speed Electric Drive Technology featured on the Mercedes-AMG GT 63 S E PERFORMANCE.

The PACE Innovation Partnership Award recognizes OEMs and suppliers who have made a strategic difference in getting supplier innovations successfully to market based upon supplier applications, site visit diligence and a review of the entire PACE Finalist field. The awards are determined by a full independent panel of judges.

PACEpilot Innovation to Watch

AAM was also named a 2022 Automotive News PACEpilot Innovation to Watch for its P4 Integrated 3-In-1 Wheel-End Electric Drive Unit (EDU) which includes a motor, gearbox and inverter in one single compact and lightweight package. The EDU can be used in wheel end, eBeam and other applications for cars, light trucks, last mile delivery and heavy-duty truck platforms. Motor power levels range from 100-350kw and allow for 2-wheel or 4-wheel drive. AAM’s technology will be used by REE Automotive Ltd. in it’s REEcornerTM technology.

The 3rd annual PACEpilot program was presented by Automotive News. The competition was open to suppliers and startups that invented products, software/IT systems or processes and idea incubators that have the capacity to transform the automotive industry. The Automotive News PACEpilot program is leading the way in distinguishing global emerging innovators.

This recognition further demonstrates AAM’s electrification leadership, which was previously recognized in 2020 with two PACE Awards for the company’s electric drive innovation on the Jaguar I-PACE.

 

2022-PACEpilot-InnovationToWatch-Logo



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 85 facilities in 18 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.

 

For more information:

Media Contact:

Christopher M. Son
Vice President, Marketing & Communications
(313) 758-4814
chris.son@aam.com

Investor Contact:

David H. Lim
Head of Investor Relations
(313) 758-2006
david.lim@aam.com

Read More

9/9/2022

AAM to Present at the RBC Global Industrials Conference and Morgan Stanley’s 10th Annual Laguna Conference on September 13 and 14

 

Read More

  • 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

Events
Events & Presentations Calendar

Past Events

Sep 14

2:05 PM ET

AAM to Present at Morgan Stanley's 10th Annual Laguna Conference

Sep 13

AAM to Present at RBC Global Industrials Conference

Aug 10

8:00 AM ET

AAM to Present at J.P. Morgan Auto Conference
AMERICAN AXLE & MANUFACTURING

One Dauch Drive
Detroit, MI 48211-1198

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Forward-Looking Statement

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.