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One Dauch Drive

Detroit, MI 48211

USA

Phone

313.974.2000

Company Information

Company Information
Industry	Machinery, Equipment, & Supplies Wholesalers

# of Employees	10000

Ownership	Public Company



Company Security Requirements	1. Very High

Company Storage Requirements	1. Very High

Fortune 1000 Rank	618

Description

American Axle & Manufacturing Holdings, Inc. is a global Tier I supplier to the automotive industry. It is also involved in the manufacture, engineering, design and validation of driveline systems and related powertrain components and chassis modules for light trucks, sport-utility vehicles (SUVs) and passenger cars. Driveline systems include components that transfer power from the transmission and deliver it to the drive wheels. Driveline and related powertrain products include axles, chassis modules, driveshafts, chassis and steering components, driving heads, crankshafts, transmission parts and forged products. As a result of its Component Supply Agreement (CSA) and Lifetime Program Contracts (LPCs) with General Motors Corporation (GM), the Company is the sole-source supplier to GM for certain axles and other driveline products for the life of each GM vehicle program covered by a LPC.

Top Executives

Executive Name	Title
Dauch, David	Chief Operating Officer, Executive Vice President
Dauch, Richard E.	Chairman Of The Board, Chief Executive Officer
Dauch, Richard F.	Executive Vice President - Worldwide Manufacturing
Rahangdale, Yogen	President & Chief Operating Officer
Shanti, Abdallah	VP - Information Technology, Electronic Product Integration & CIO
Simonte, Michael	Chief Financial Officer & Group Vice President - Finance
Sofia, John	Vice President - Product Engineering, Commercial Vehicle Operations, CTO

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Recent Company Events

Date	Type of Event	Details
2008-02-22	Earnings/Dividends	American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced a cash dividend of $0.15 per share payable on March 28, 2008 to stockholders of record on all of the Company's issued and outstanding common stock as of March 7, 2008. AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal formed products for trucks, sport utility vehicles, passenger cars and crossover utility vehicles. In addition to locations in the United States (Michigan, New York, Ohio and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, South Korea and the United Kingdom. Certain statements contained in this press release which are not historical facts contain forward looking information with respect to the Company's plans, projections or future performance, the occurrence of which involves risk and uncertainties that could cause the Company's actual results or plans to differ materially from those expected by the Company which include risk factors described in the Company's filings with the Securities and Exchange Commission. For more information . . . Renee B. Rogers Jamie M. Little Manager, Corporate Communications and Director, Investor Relations Media Relations (313) 758 4831 (313) 758 4882 jamie.little@aam.com renee.rogers@aam.com Or visit the AAM website at http://www.aam.com s.server=server() s.channel="news release" s.pageName="news_release_american axle & manufacturing declares first quarter 2008 dividend" s.prop2="109" s.prop3="02 22 2008" /*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code); //
2008-02-01	Earnings/Dividends	Net cash provided by operating activities nearly doubles to $367.9 million for full year 2007 DETROIT, Feb. 1 /PRNewswire FirstCall/ American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the fourth quarter and full year 2007. Full Year 2007 Results Full year sales of $3.25 billion Net earnings of $37.0 million, or $0.70 per share Special charges and other non recurring operating costs of $88.4 million, or $1.11 per share, primarily related to attrition programs, asset impairments, the redeployment of machinery and equipment and other actions to rationalize underutilized capacity Debt refinancing costs of $5.5 million, or $0.07 per share Net cash provided by operating activities of $367.9 million, nearly double the prior year 3.5% year over year decline in total light truck production volumes as compared to the full year 2006 Content per vehicle of $1,293, approximately 5% higher than the previous year Non GM sales of $712.3 million, or 22% of total net sales AAM's results in the fourth quarter of 2007 were a net loss of $25.5 million or $0.50 per share. This compares to a net loss of $188.6 million, or $3.74 per share, in the fourth quarter of 2006. AAM's earnings for the full year 2007 were $37.0 million, or $0.70 per share. This compares to a net loss of $222.5 million, or $4.42 per share, in 2006. In the third and fourth quarter of 2007, AAM recorded special charges relating to a voluntary separation program accepted by 558 UAW represented associates at the Buffalo Gear, Axle & Linkage facility in Buffalo, New York. Production at this facility was idled in December 2007. Also in 2007, AAM incurred additional special charges and non recurring operating costs relating to other attrition programs, asset impairments, the redeployment of machinery and equipment and other actions to rationalize underutilized capacity. In total, AAM's 2007 results reflect the impact of charges amounting to $88.4 million, or $1.11 per share, relating to these items, including pension and other postretirement benefit curtailments and special termination benefits. In the fourth quarter of 2007, AAM recorded $70.6 million, or $0.92 per share, of these total restructuring charges. AAM's full year 2007 earnings also reflect the impact of an additional $5.5 million charge, or $0.07 per share, for the write off of unamortized debt issuance costs and other costs related to the prepayment of the $250 million term loan due 2010. In the fourth quarter of 2006, AAM recorded special charges relating to a special attrition program (SAP) accepted by approximately 1,500 UAW represented associates at AAM's master agreement facilities. AAM also recorded a special charge in 2006 for supplemental unemployment benefits (SUB) estimated to be payable to UAW associates who were expected to be permanently idled through the end of the current collective bargaining agreement that expires in February 2008. AAM recorded additional special charges associated with salaried workforce reductions and other attrition programs offered to its associates. In total, these special charges increased AAM's operating costs in 2006 by $181.4 million. In addition to these special charges, AAM also recorded asset impairment charges of $196.5 million in the fourth quarter of 2006 associated with plans to idle a portion of AAM's production capacity in the U.S. dedicated to its mid size light truck product range and other capacity reduction initiatives. "In 2007, AAM made excellent progress in our plan to achieve sustainable market cost competitiveness in our global operations," said AAM's Co Founder, Chairman of the Board & CEO Richard E. Dauch. "AAM has a strong balance sheet and will continue to focus on the appropriate cost structure adjustments, technology innovations, new business launches and an accelerated expansion of o
2008-01-17	Contract/Agreements	Announces Increase in New Business Backlog DETROIT, Jan. 17 /PRNewswire FirstCall/ American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it will continue its role as driveline supplier for the next generation of GM's full size trucks. AAM's sales of driveline components relating to GM's full size pick ups and SUVs represent more than half of AAM's annual sales. While GM has not yet finalized product definitions and other pertinent engineering details, AAM expects the scope and magnitude of AAM's role on the successor program to be substantially the same as on the existing program. "We are extremely pleased that General Motors has recognized AAM's exceptional capabilities in the design, engineering, testing, validation and manufacturing of premier driveline systems and selected us for this critical program," said AAM's Co Founder, Chairman and Chief Executive Officer, Richard E. Dauch. "AAM's continued emphasis on product innovation, superior engineering and design, as well as world class quality, warranty, delivery, and launch performance is attracting significant new business in our expanding global market. Our worldwide team is dedicated to the application of AAM's expertise in these areas to further develop high efficiency axle technology for this and other new customer programs." 2008 2012 New Business Backlog AAM also announced that its backlog of new and incremental business launching from 2008 through 2012 has been increased to $1.3 billion in future annual sales. AAM measures its new and incremental business backlog ("new business backlog") by the estimated annual sales value of agreements with its customers to provide axle or other driveline or drivetrain products for future product programs, as well as incremental content or volume awards on existing programs, including customer requested engineering changes. AAM's new business backlog may be impacted by various assumptions such as production volume estimates, changes in program launch timing and fluctuation in foreign currency exchange rates. AAM's new business backlog reflects the company's successful efforts to expand its product portfolio by adding all wheel drive applications for passenger cars and crossover vehicles, expanded electronics integration and new drivetrain components such as transfer cases and power transfer units. Recent new business wins include the following: On October 30, 2007, AAM announced the formation of a new joint venture (JV) in India (AAM Sona Axle Private Limited). The JV will provide axles to Tata Motors for a light duty truck program beginning in the second half of 2008. AAM has earned an order from Mahindra International Limited (MIL) to provide driving heads in India for a commercial vehicle program. MIL is a joint venture involving Mahindra & Mahindra Limited from India and International Truck & Engine Corporation (ITEC) from the U.S. AAM has earned its first major award from Volkswagen AG to supply the rear driveline system for a new global light vehicle program launching in 2009. AAM has earned its first award from Chery Automobile Co., Ltd. to produce rear drive modules (RDM) for a 2010 model year crossover vehicle. Other highlights of AAM's $1.3 billion new business backlog include: Approximately 75% of the new business backlog has been sourced to AAM's non U.S. facilities. These awards will accelerate the expansion of AAM's manufacturing facilities in Mexico, South America, Asia and Europe. These awards will also lead to the construction of new facilities in India and Thailand in 2008. Approximately half of the new business backlog relates to awards supporting rear wheel drive and all wheel drive passenger car and crossover vehicle applications. These awards relate to 10 different product programs developed by four different custo

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