AAM Selected as Target Supplier of Axles and Driveshafts for GM''s Next Generation Full Size Truck Program

ID: 1376120
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(Thomson Reuters ONE) -



Detroit, Michigan, July 31, 2015 -- American Axle & Manufacturing Holdings, Inc.
(AAM), which is traded as AXL on the NYSE, today announced that it has been
selected as target supplier to provide axles and driveshafts for GM''s next
generation full size truck program under GM''s Strategic Sourcing Process (SSP).

A key objective of the SSP is to involve critical suppliers earlier in the
process of designing and developing future vehicle programs.  Pending final
design direction and completion of the sourcing process, AAM expects to retain
approximately 75% of the sales content provided to GM for the current full size
truck program.

AAM expects to provide approximately 75% of the light-duty axles, 100% of the
heavy-duty axles and 100% of the rear steel driveshafts for GM''s next generation
full size truck program.  AAM does not expect to provide the aluminum
driveshafts, front auxiliary driveshafts and steering linkages for GM''s next
generation full size truck program.

"With the strategic sourcing of multi-generations of this program now clarified,
AAM is pleased to reaffirm our long-term partnership with GM," said AAM''s
Chairman, President & Chief Executive Officer, David C. Dauch. "AAM''s innovative
product, process and systems technology, as well as our cost-competitive global
manufacturing, engineering and sourcing footprint, provides a compelling value
proposition to all of our customers, including GM."

"With the direction of a core program of AAM''s business now solidified for many
years to come, we will continue to focus on leveraging our long-term commitment
to quality, technology leadership and operational excellence to drive profitable
growth and business diversification."

AAM is a world leader in the manufacture, engineering, design and validation of
driveline and drivetrain systems and related components and modules, chassis


systems, electric drive systems and metal-formed products for light trucks,
sport utility vehicles, passenger cars, crossover vehicles and commercial
vehicles.  In addition to locations in the United States (Michigan, Ohio,
Pennsylvania and Indiana), AAM also has offices or facilities in Brazil, China,
Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden
and Thailand.


In this release, 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), formerly known as Chrysler Group LLC, 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 attract new customers and programs for
new products; our ability to respond to changes in technology, increased
competition or pricing pressures; 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 to
successfully implement upgrades to our enterprise resource planning systems;
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 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; global economic conditions; risks
inherent in our international operations (including adverse changes in political
stability, taxes and other law changes, potential disruptions of production and
supply, and currency rate fluctuations); 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; negative or unexpected tax consequences; price volatility in,
or reduced availability of, fuel; our ability to consummate and integrate
acquisitions and joint ventures; our ability to attract and retain key
associates; our ability to protect our intellectual property and successfully
defend against assertions made against us; 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.


#  #  #


For more information...

Christopher M. Son
Director, Investor Relations,
Corporate Communications & Marketing
(313) 758-4814
chris.son(at)aam.com


Vitalie Stelea
Manager Investor Relations
(313) 758-4635
vitalie.stelea(at)aam.com



Or visit the AAM website at www.aam.com.


AAM Next Gen FS News Release:
http://hugin.info/143751/R/1942742/702930.pdf



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: American Axle & Manufacturing Holdings, Inc via GlobeNewswire
[HUG#1942742]






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Date: 07/31/2015 - 08:02
Language: English
News-ID 1376120
Character count: 0
Kontakt-Informationen:
Firma: American Axle & Manufacturing Holdings, Inc
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Stadt: Detroit, MI
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