Why AAM

EXPERIENCED & CREDIBLE

A management team that consistently delivers results, utilizes a disciplined approach to capital allocation and has demonstrated the ability to manage through the cyclicality of the industry

Why AAM

STRONG EXECUTION

World-class global manufacturing capabilities and operational excellence leading to superior profit margins

Why AAM

FINANCIAL STRENGTH

Consistently generating strong operating profits and free cash flow while deleveraging the balance sheet

Why AAM

PROFITABLE GROWTH

Solid foundational business complemented by new technologies driving future profitable growth and diversification

Why AAM

DRIVING VALUE

Generating a highly attractive free cash flow yield while expanding our product portfolio on the strength of our technology leadership

  •

  • AXL:

  • Price

    $9.39

  • 0.24 (-2.49%)

  • Day High

    $9.62

  • Day Low

    $9.30

Investor News

12/16/19

AAM Closes Sale Of U.S. Iron Casting Operations

DETROIT, December 16, 2019 - American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) announced today that it has closed the previously announced sale of its U.S. iron casting operations (“Grede”) to funds managed by Gamut Capital Management.  AAM received net cash proceeds of approximately $141.2 million from the sale, which are subject to customary post-closing adjustments, as well as a $60.0 million deferred payment obligation.

Forward-Looking Statements

This report may contain forward-looking statements including, without limitation, statements with respect to the transaction and the anticipated consequences and benefits of the transaction and other information relating to matters that are not historical facts.  These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements.  These risks and uncertainties include the factors detailed from time to time in the reports we file with the SEC, including those described under “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.  These forward-looking statements speak only as of the date of this report. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

About AAM

AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures driveline and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has over 20,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.  To learn more, visit aam.com.

 

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12/05/19

AAM Supplies Key Driveline Technology for 2019 Ram Heavy Duty and 2019 Ram Chassis Cab Trucks ​

DETROIT – Dec. 5, 2019 – American Axle & Manufacturing (NYSE: AXL) has expanded its driveline system production for Ram Heavy Duty trucks, which were recently named MotorTrend Truck of the Year, and now supplies both front and rear axles as well as driveshafts for the 2019 Ram 2500 Heavy Duty, Ram 3500 Heavy Duty, Ram 3500 Chassis Cab, Ram 4500 Chassis Cab and Ram 5500 Chassis Cab trucks.

“In addition to continuing our long-term partnership with Ram as the supplier of front and rear axles for the 2500 and 3500 Heavy Duty pickup trucks, AAM is now honored to be the new supplier of front and rear axles for the Ram Chassis Cab 4500 and 5500 trucks as well our latest and most efficient driveshaft technology for the new 2019 Ram Heavy Duty pickup truck series,” said David C. Dauch, AAM Chairman and Chief Executive Officer.

For the new vehicles, AAM and Ram engineers worked to improve durability, handle payload and towing capabilities and minimize noise, vibration and harshness all while optimizing efficiency and reducing weight in the driveline system.  AAM’s all-new, larger 12-inch rear axle and either a 9.25 inch or 10.5 inch front axle are designed to enable higher gross combined axle weight and payload ratings up to a 35,100 pounds of towing capacity and 7,680 pounds of payload.

 

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11/26/19

AAM to Present at the 2019 Bank of America Merrill Lynch Leveraged Finance Conference on December 3

American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the 2019 Bank of America Merrill Lynch Leveraged Finance Conference on December 3. AAM is scheduled to present at 2:10 p.m. ET. 

 

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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.