American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2. AAM is scheduled to present at 2:15 p.m. ET.
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
Strong Execution
World-class global manufacturing capabilities and operational excellence leading to superior profit margins
Financial Strength
Consistently generating strong operating profits and free cash flow while deleveraging the balance sheet
Profitable Growth
Solid foundational business complemented by new technologies driving future profitable growth and diversification
Driving Value
Generating a highly attractive free cash flow yield while expanding our product portfolio on the strength of our technology leadership
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Investor News
1/11/2021
AAM and Inovance Automotive Form Technology Development Agreement Focused on Next-Generation Electric-Drive Technology
- AAM, a leading global driveline systems solutions provider, and Inovance Automotive, a China-based supplier specializing in electric propulsion components and systems, recently signed a Technology Development Agreement
- Collaboration will accelerate the development and delivery of scalable, next-generation 3-in-1 electric drive systems for the global market
- AAM and Inovance will continue their launch of current generation 3-in-1 drive units beginning with the first 135 kW model supporting a Chinese OEM in the first quarter of 2021
DETROIT, Jan. 11, 2021 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL), a leading global automotive supplier of driveline and metal forming technologies, and Suzhou Inovance Automotive Ltd. (Inovance Automotive), a leading provider of automotive power electronics and powertrain systems in China, today announced a technology development agreement that will accelerate the development and delivery of scalable, next-generation 3-in-1 electric drive systems, which integrates an inverter, electric motor and gearbox.
AAM and Inovance Automotive will focus on the advancement of highly integrated 3-in-1 electric drive systems leveraging the partners’ complimentary expertise in electric-propulsion technology. The collaboration will seek to enhance the power density, efficiency and cost effectiveness of the electric drive technology offered in the global NEV market.
"The global electric drive market continues to expand as increasingly stringent emissions regulations require innovative propulsion system solutions,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “Our cooperation with Inovance Automotive will add an exciting new offering to AAM’s fast-growing portfolio of scalable 3-in-1 electric drive systems and accelerate our ability to bring new cost competitive technologies to market. We are excited to join forces with such a highly accomplished and innovative provider of power electronics technology."
Li Juntian, CEO of Inovance Automotive added: "Inovance Automotive is dedicated to providing world-class solutions to the New Energy Vehicle market. We look forward to collaborating with AAM to expand our global product and customer reach while producing innovative integrated electric drive units for the next generation of electric and hybrid vehicles."
AAM and Inovance are launching 3-in-1 electric drive units supporting four customer programs from AAM’s Changshu Manufacturing Complex beginning with the first 135 kW model for a Chinese OEM in first quarter of 2021.
The partnership between AAM and Inovance Automotive will strengthen both companies’ positions as leading providers of electric-propulsion technology in China and the global automotive markets with next generation integrated electric drive units that offer best-in-class power density and efficiency.
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 approximately 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.
About AAM’s Electric Drive Technology
AAM’s all-new Electric Drive Technology is designed, engineered and manufactured to provide global automakers a product portfolio of hybrid and electric driveline systems that range from low-cost, value-oriented offerings to high-performance solutions. Using innovative design features and extensive experience in power density, torque transfer, noise-vibration-harshness reduction, heat management and systems integration, AAM developed industry-leading, scalable products suitable for every vehicle segment.
ABOUT SUZHOU INOVANCE AUTOMOTIVE CO., LTD.
Suzhou Inovance Automotive Co., Ltd is a subsidiary of Inovance Group, a leading global provider of industrial automation solutions. With a full range of drive and power solutions, 600,000 applications and a high-performance R&D team, Inovance Automotive is China’s first ISO26262 certified inverter manufacturer and is dedicated to provide world class ePowertrain components and systems for both electric and hybrid solutions.
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11/25/2020
AAM to Present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2
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11/25/2020
AAM to Present at the Credit Suisse Virtual Industrials Conference on December 3
American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the Credit Suisse Virtual Industrials Conference on December 3. AAM is scheduled to present at 11:30 a.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.