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.

 

12/05/19

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

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.

 

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. 

 

Forward-Looking Statement