Welcome to our dedicated page for American Axle & Manufacturing Holdings news (Ticker: AXL), a resource for investors and traders seeking the latest updates and insights on American Axle & Manufacturing Holdings stock.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) is a leading global Tier 1 automotive supplier headquartered in Detroit, specializing in the design, engineering, validation, and manufacturing of driveline and metal forming technologies. The company caters to a diverse range of vehicles, including light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles.
Established over two decades ago, AAM has built a trusted reputation for delivering efficient, powerful, and innovative solutions to automotive, commercial, and industrial markets worldwide. The company operates through two primary segments: Driveline and Metal Forming, with the Driveline segment generating the majority of its revenue.
AAM is at the forefront of the automotive industry's shift towards electrification, with technologies supporting electric, hybrid, and internal combustion vehicles. The company's recent achievements include the development of an Electric Beam Axle with High-speed Motor and Integrated Inverter Driveline Technology, which has earned it recognition as a finalist for the 2023 Automotive News PACEpilot Award.
With over 80 facilities in 18 countries, AAM continues to innovate and expand its product offerings to meet evolving industry demands. Its financial results for 2023 show a strong cash flow and a commitment to sustainable mobility solutions.
AAM's strategic initiatives and participation in numerous industry conferences highlight its dedication to staying ahead in the rapidly changing automotive landscape. The company's ongoing projects focus on enhancing performance, reducing emissions, and supporting the transition to electrification, ensuring a safer and more sustainable future.
American Axle & Manufacturing (AXL) highlights its high-performance Power Transfer Unit (PTU) featured in the new Ford Bronco® Sport SUV. The PTU, part of AAM's EcoTrac® Disconnecting AWD solutions, enhances vehicle handling and traction in challenging conditions. AAM provides both air-cooled and liquid-cooled PTUs for different Bronco Sport models, optimizing efficiency while reducing emissions. With over three million disconnecting AWD units supplied since 2013, AAM continues to lead in automotive driveline technology.
American Axle & Manufacturing Holdings, Inc. (AXL) will hold a conference call to discuss its Q1 2021 financial results on May 7, 2021, at 10:00 a.m. ET. A press release with the financial results will be issued before the market opens on the same day, available at www.aam.com. Investors can participate via phone or online webcast, with a replay available until May 14. AAM is a leading global automotive supplier, focusing on driveline and metal forming technologies with around 20,000 associates across 80 facilities in 17 countries.
American Axle & Manufacturing (AXL) will participate in the 2021 Bank of America Auto Summit, scheduled for March 31, 2021, at 12:30 p.m. ET. The event will take place virtually, with a live audio webcast accessible on AAM's Investor Relations page. A replay will also be available post-event. AAM, headquartered in Detroit, is a leading global tier 1 automotive supplier, employing approximately 20,000 associates across 80 facilities in 17 countries. For more details, visit www.aam.com.
American Axle & Manufacturing (AAM) will participate in the Wolfe Global Autos Conference on February 25, 2021, starting at 8:00 a.m. ET. CEO David C. Dauch will discuss recent business developments. A live audio webcast will be available on AAM's Investor Relations page, with a replay following the event. AAM, a leading global tier 1 automotive supplier, focuses on driveline and metal forming technologies, employing around 20,000 associates across nearly 80 facilities in 17 countries. More details can be found at aam.com.
American Axle & Manufacturing (AXL) received the 2020 Dorian Award for Y to X® Problem Solving Cultural Excellence, recognizing its adeptness in addressing complex manufacturing challenges. Shainin, the award presenter, highlighted AAM’s structured problem-solving approach and its robust support system that empowers teams. In 2020, AAM executed 66 Shainin projects and trained over 325 associates globally in these methodologies. The company quickly transitioned to virtual training amid the COVID-19 pandemic, ensuring continuity in its training initiatives.
American Axle & Manufacturing (AAM) will present at the Citi Global Industrials Conference on February 18 at 11:20 a.m. ET. The presentation will be accessible via a live audio webcast on AAM's Investor Relations page, with a replay available afterward. AAM is a global leader in automotive supply, focusing on driveline and metal forming technologies, serving customers from nearly 80 facilities across 17 countries.
American Axle & Manufacturing (AAM) has secured a significant next-generation axle and driveshaft program for Ram's heavy-duty pickup trucks. This long-term partnership, which extends through 2030, is expected to generate several billion dollars in sales for AAM. AAM aims to leverage its advanced driveline technologies to support Ram's vehicle program, reinforcing their commitment to innovation in automotive technologies. The company operates globally with a focus on manufacturing high-quality driveline and metal forming technologies.
American Axle & Manufacturing Holdings (AXL) reported Q4 2020 sales of $1.44 billion, net income of $36 million, and an Adjusted EBITDA of $261.5 million. For the full year, sales totaled $4.71 billion, reflecting a net loss of $(561.3 million) due to COVID-19 impacts. The company targets 2021 sales between $5.3 - $5.5 billion and an Adjusted EBITDA in the range of $850 - $925 million. AAM expects approximately $600 million in new business backlog from 2021 to 2023, with emphasis on electrification initiatives.
American Axle & Manufacturing (AAM) will hold a conference call on February 12, 2021, at 10:00 a.m. ET to discuss its fourth quarter and full year 2020 financial results. A press release with the results will be published before market open that day. Interested participants can dial (877) 883-0383 from the U.S. or (412) 902-6506 from outside the U.S. The call will also be available via a live audio webcast. A replay will be accessible from February 12 to February 19, 2021.
American Axle & Manufacturing (AXL) and Suzhou Inovance Automotive have announced a technology development agreement to enhance the creation of 3-in-1 electric drive systems, integrating an inverter, electric motor, and gearbox. This collaboration aims to improve power density, efficiency, and cost-effectiveness in the global new energy vehicle market. The first 135 kW model will be launched for a Chinese OEM in Q1 2021, supporting four customer programs from AAM's Changshu Manufacturing Complex. The partnership positions both companies as leaders in electric-propulsion technology.
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