• AXL:

  • Price:

    $6.99

  • 0.36 (-4.90%)

  • Day High:

    $7.28

    Day Low:

    $6.95

AXL:

Price:

$6.99

Day High:

$7.28

0.36 (-4.90%)

Day Low:

$6.95

Investor News

Investor News

6/14/2024

AAM Celebrates 30th Anniversary and Recognizes Top Suppliers with Awards

DETROITJune 14, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL), a leading global Tier 1 automotive supplier of driveline and metal forming technologies, celebrated its 30th anniversary and named top suppliers during a Supplier Day event. The annual event recognizes key suppliers with Supplier of the Year Awards and Supplier Excellence Awards across delivery, quality, launch performance, innovation and sustainability.

“For 30 years, our global customers have relied on AAM to design, engineer, validate and manufacture the driveline and metal forming technologies that power their vehicles, and our suppliers play a critical role in our success,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “They are an integral part of our business and continue to demonstrate excellence in their operations and service. We appreciate all our suppliers and congratulate our Supplier of the Year and Supplier Excellence Award winners.”

This year, two suppliers received the top awards for overall performance.

AAM’s 2024 Supplier of the Year Award for Direct Material was presented to Timken, a global technology leader in engineered bearings and industrial motion that designs a growing portfolio of next-generation products for diverse industries. Timken is a long-standing strategic partner that supports multiple AAM plants globally and a variety of high-volume product programs. Timken was recognized for their outstanding performance in quality and delivery, technical support on current and future production and overall partnership.

AAM’s 2024 Supplier of the Year Award for Indirect Material was presented to Motion. Motion is a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions. Motion has been providing services and parts to AAM locations in North America for over two decades and was recognized for their dedication to excellence demonstrated in customer service, operational capabilities and the technical expertise of their onsite Operation and Maintenance teams who work alongside AAM associates.

Additionally, 10 other suppliers were honored with AAM Supplier Excellence Awards for their demonstrated success in delivery, quality, launch performance, innovation and sustainability. The awardees are:

Delivery:

  • Mecanica Garcia Industrial
  • Steel Dynamics Inc. Engineered Bar Division
  • Webco Industries

Quality:

  • Bocar Group
  • Sona BLW Precision Forgings Ltd.
  • Happy Forgings Ltd.

Launch Performance:

  • Jiangsu Chuangyi Precision Forging Co., Ltd.
  • Semyung Industrial Co., Ltd.

Innovation:

  • Reishauer Corporation

Sustainability:

  • Gerdau

AAM has recognized exceptional suppliers each year since its founding in 1994. AAM associates from global procurement, engineering, supplier quality, manufacturing and supply chain management selected this year's award winners based on several criteria including delivery performance, product quality, launch execution, sustainability commitment 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 over 80 facilities in 18 countries, AAM is Bringing the Future Faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.

About Timken

The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries.

About Motion

Motion is a leading industrial distributor of more than 19 million parts and supplies, including bearings; mechanical power transmission products; electrical and industrial automation components; hose, belting, and gaskets; hydraulic and pneumatic components; process pumps; industrial and safety products; seals and accessories; and material handling products and solutions. To increase customers’ productivity, the company offers many value-added services, including engineering, fabrication, repair and Industry 4.0 solutions across these product groups. Motion is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). To learn more, visit www.Motion.com.

###

Media Contact:

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

6/13/2024

Milestone Moments: AAM Launches Our Demonstration Vehicle Fleet

AAM has spent the last 30 years bringing ideas to life—transforming concepts and sketches into automotive innovations that are POWERing vehicles on roads all over the world. But before they hit the pavement (or trail, farm and everything in between!), our technicians and engineers extensively test them in extreme and real-world conditions as part of our fleet of demonstration vehicles.

We believe the best way to predict the future is to invent it, and for 30 years, #TeamAAM has been dedicated to demonstrating how we Deliver POWER. We apply this principle not only to the end products we deliver to our customers, but also to the next-generation prototype technologies we invent and refine. This commitment to Quality, Technology Leadership and Operational Excellence is why our Demonstration Fleet remains a vital part of our product portfolio.

It started in 1998, when AAM embarked on a journey to launch our first fleet of demonstration vehicles to bridge the gap between theoretical concepts and practical application. Some aspects of technology can only be fully understood when experienced firsthand, and this concept birthed the idea of integrating prototype hardware into production vehicles, allowing AAM’s engineers to test ideas and uncover issues that traditional component testing and simulation alone couldn’t.

Over the years, the fleet has evolved from a few prototype cars to a lineup of 23 fully-interrated demonstration vehicles. From a QUANTUM-equipped Raptor and Compass to the EcoTrac-outfitted Equinox, and from stock showroom models to heavily modified electric pickup trucks, each vehicle in the AAM demonstration fleet represents a testament to AAM's commitment to quality, technology leadership and operational excellence.

The development and maintenance of the AAM demonstration fleet is collaborative, with contributions from many specialized teams across various disciplines at AAM—from software engineering to mechanical design. This ensures a comprehensive approach to vehicle innovation.

Today, these vehicles play a special role in showcasing AAM's technological advancements to customers, investors and industry professionals. Whether it's at globally recognized trade shows, experiential events for customers and investors or educational ride and drives for #TeamAAM, the fleet serves as a demonstration of AAM's capabilities, Including superior handling, efficiency and POWER.

The fleet also continues to serve as an important tool for intensive vehicle testing and validation. AAM engineers put these vehicles through extreme experiences to ensure that they can withstand the harshest environments. Through hot weather testing on treacherous mountain passes and winter trials in snow-and-ice-covered landscapes, the fleet is pushed to its limits to ensure unmatched quality and performance.

AAM’s demonstration vehicle fleet is not just a collection of vehicles but a symbol of innovation and determination. It represents the culmination of years of hard work, dedication and pursuit of excellence. And as AAM continues to push the boundaries of what's possible in the automotive industry, the fleet guides the way towards a future defined by technology, efficiency and performance. It’s part of how #TeamAAM is #BringingTheFutureFaster.

AAM Milestone Moments is a monthly series celebrating and reflecting on key achievements in AAM’s 30-year history. Ranging from watershed innovations and technological advances to foundational programs and community initiatives that are part of AAM’s DNA, these AAM Milestone Moments will each tell an important piece of the AAM story. 

  • 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