Technology That Drives The Industry
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AXL:
Price:
$7.93
Day High:
$8.40
0.47 (-5.60%)
Day Low:
$7.69
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6/28/2022
AAM Names Top Suppliers During Annual Supplier Day
DETROIT, June 28, 2022 -- American Axle & Manufacturing named its top suppliers during the company’s recent 28th Annual Supplier Day. The award recognizes key suppliers with Supplier of the Year and Supplier Excellence Awards. AAM has recognized exceptional suppliers each year since its founding in 1994.
“We congratulate our Supplier of the Year and Supplier Excellence Award winners,” said Michael K. Simonte, AAM President. “Our supplier partners are a critical part of the AAM mission to deliver the industry’s best driveline, metal forming and EV technologies to our global customers. We thank all our suppliers for the work they do to support AAM.”
Supplier of the Year Awards were presented to the Webco Industries and Incora.
Webco is a direct-material supplier that provides a wide range of specialty, precision steel tubing. The company simultaneously launched 10 new programs with over 100-part numbers, on time and with flexibility to accommodate changing customer requests with no disruptions.
Incora is an AAM indirect chemical supplier that has consistently exceeded performance targets and made significant contributions to sustainability initiatives at multiple facilities.
Additionally, 10 suppliers were awarded with the AAM Supplier Excellence Award for their demonstrated success in delivery, launch, quality and innovation. Awardees include:
Delivery:
SKF
Promax Engineering, LLC
Höganäs
Launch:
PGI Auto Components (Kunshan) Co., Ltd
TENARIS TAMSA
Mahindra CIE Automotive, Ltd. (Gear Division)
Quality:
Tenneco Powertrain – Manitowoc, WI
ILJIN Bearing ART
Erie Steel Treating
Innovation:
UnitedSiC (now Qorvo)
A team of AAM associates from global procurement, product engineering, supplier quality, manufacturing and supply chain management selected this year's award winners based on AAM's scorecard rating of its suppliers' delivery performance, product quality, launch execution 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 nearly 80 facilities in 17 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.
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6/14/2022
AAM Electric Drive Unit Powers Mercedes-AMG GT 63 S E PERFORMANCE
DETROIT, June 14, 2022 -- American Axle & Manufacturing’s (NYSE: AXL) electric driveline technology powers AMG’s first plug-in hybrid electric (PHEV) model, the Mercedes-AMG GT 63 S E PERFORMANCE. AAM supplies the performance car’s rear drive unit, which was recently named a 2022 Automotive News PACETM Award finalist.
“AAM’s Electric Drive Unit provides superior vehicle performance in a compact, power-dense design,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “This contract to supply Mercedes-AMG’s newest hybrid performance car showcases AAM’s industry-leading, award-winning electric drive technology. It continues our work to be the supplier of choice for OEMs as they expand their electric propulsion and e-mobility offerings.”
The electric drive unit, located on the rear axle, is the first volume production application combining a mechanical all-wheel drive system with a 2-speed electric drive module. This P3 system layout, with the electric motor on the rear axle, optimizes the weight distribution and increases the total output torque, compared to a transmission mounted electric motor (P2 hybrid).
Innovative design features include an electromechanical actuated two-speed gearbox and electromechanical controlled limited slip differential (eLSD) providing state of the art shifting times and traction.
The performance car can generate 620kW/843hp at peak levels, clock a 0-62 mph time of 2.9 seconds, and achieve a top speed of 316 kph (196mph). AAM’s e-Drive provides power/torque output of 150 kW/204 hp, adds performance in hybrid drive and helps enable zero emissions.
With the launch of the Mercedes-AMG GT 63 S E PERFORMANCE, AAM further continues its transformation into a leading supplier of electric drive technology.
The PACE Award recognizes automotive suppliers for superior innovation, technological advancement and business performance and are accepted around the world as the industry benchmark for innovation. Awards will be announced in September 2022.
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 nearly 80 facilities in 17 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.
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- 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
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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.