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

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  • AXL:

  • Price

    $17.12

  • 0.09 (0.53%)

  • Day High

    $17.17

  • Day Low

    $16.80

Investor News

06/11/18

​AAM to Supply AWD PTUs for Global Ford Crossovers

DETROIT, June 11, 2018 -- American Axle & Manufacturing (NYSE: AXL) will supply Power Transfer Units (PTU) for Ford Motor Co. crossover vehicles with all-wheel drive (AWD) starting with the 2019 Ford Edge and Lincoln Nautilus. The new contract expands AAM and Ford’s relationship while supporting global growth in the popular crossover segment.

“Sales of crossover vehicles continue to significantly grow in markets around the globe,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “Crossover buyers want a vehicle that is fuel efficient and safe. AAM’s PTU helps deliver power while increasing efficiency.”

The PTU is the heart of the vehicles’ Intelligent AWD, which uses sensors to constantly monitor traction and assist the driver through difficult weather and challenging road conditions. It balances torque between the front and rear wheels to enhance handling and maximizes traction before wheelslip can even occur.

Located on a vehicle’s transmission, the PTU directs power to the RDM via the driveshaft when torque is needed. When only front wheel drive is required, AAM’s PTU disconnects and stops spinning the driveshaft no longer sending power to the RDM. Less spinning helps increase efficiency and reduces emissions while still providing enhanced safety when needed.

The PTU is part of AAM’s family of EcoTrac® Disconnecting AWD solutions, which include disconnecting PTUs, multi-piece driveshafts, rear drive modules with electronic control units and torque transfer devices.

AAM introduced the industry’s first disconnecting AWD system in late 2013. Since then AAM has supplied more than 600,000 disconnecting AWD units that help make vehicles safer, smart and more efficient.

AAM will manufacture EcoTrac in several facilities around the globe including Three Rivers, Mich.; Guanajuato, Mexico; Changshu, China and Świdnica, Poland.  By the end of 2020, EcoTrac will represent about $800 million of annual revenue for AAM in global markets.

 

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06/07/18

Cadillac XT4 to Feature AAM’s AWD Power Transfer Unit ​

DETROIT, June 7, 2018 – When the Cadillac XT4 goes on sale later this year, driveline technology from American Axle & Manufacturing (NYSE: AXL) will help provide exceptional vehicle efficiency while still allowing for the added functionality of all-wheel drive (AWD).

The vehicle’s twin clutch AWD system features an AAM Power Transfer Unit (PTU) that allows the driver to decouple the driveshaft and rear axle to reduce drivetrain losses when not in AWD mode. This system enables the driver to select AWD mode when needed or have similar fuel economy to front wheel drive models when not needed.

“The crossover segment is the industry’s fastest growing luxury segment and AAM is growing with the segment and Cadillac,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “AAM’s PTU provides discerning customers in this premium brand the functionality of AWD, but with improved fuel economy and emissions when compared to conventional AWD systems.”

Attached to the vehicle’s transmission, AAM’s PTU sends power through the driveshaft to the rear drive module (RDM) when torque is needed. When AWD mode is turned off, AAM’s PTU stops rotating the driveshaft and sending power to the RDM. This mechanism helps increase fuel economy and reduce emissions.

The Cadillac XT4 PTU is part of AAM’s family of EcoTrac® Disconnecting AWD solutions, which include disconnecting PTUs, multi-piece driveshafts, rear drive modules with electronic control units and torque transfer devices.

 

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06/05/18

AAM to Host an Investor Day on June 14

DETROIT, June 5, 2018 - American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will host an Investor Day on June 14, 2018 at the New York Stock Exchange. David C. Dauch, Chairman and Chief Executive Officer, and members of AAM’s executive management team, will provide an update on the company's business.

To attend the event in person, please send an email to jason.parsons@aam.com by 5 p.m. on June 8, 2018. Pre-registration is required as space is limited.

A live audio webcast will be accessible starting with 11:00 a.m. EST through the Investor Relations page on AAM’s website (www.aam.com). A replay of the webcast will be available following the event.

AAM is a premier, global leader in design, engineering, validation and manufacturing of driveline, metal forming, powertrain, and casting technologies for automotive, commercial and industrial markets.

Headquartered in Detroit, AAM has over 25,000 associates operating at more than 90 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 www.aam.com.

Our presentation may contain “forward-looking” statements that are subject to risks and uncertainties described in our most recent filings on Form 10-K and Form 10-Q with the Securities and Exchange Commission, and actual results may differ materially. Our presentation also may include certain non-GAAP financial measures. Information regarding these non-GAAP measures, as well as a reconciliation of these non-GAAP measures to GAAP financial information, is available on AAM’s website (www.aam.com).

 

 

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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.