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 (AAM) showcased its commitment to electrification at CES 2023 in Las Vegas, highlighting advanced electric driveline systems. AAM's booth featured innovative technology like the 3-in-1 electric drive unit and fully integrated e-Beam axle. Attendees can interact with displays, including a vehicle configurator and driving simulator. CEO David C. Dauch emphasized partnerships with OEMs for sustainable mobility. AAM's presence at CES marks a crucial step in its strategy towards carbon net zero solutions.
American Axle & Manufacturing Holdings (NYSE: AXL) will hold a live webcast of its Technology Day management presentation on January 4, 2023, at 1:00 p.m. PT (4:00 p.m. ET). The event will be accessible via the Investor Relations page on AAM's website, with a replay available afterward. AAM, headquartered in Detroit, is a global leader in automotive and mobility solutions, specializing in driveline and metal forming technologies for various vehicle types. For more details, visit www.aam.com.
American Axle & Manufacturing (AAM) will showcase its advancements in electric mobility at CES 2023, emphasizing its leadership in electric propulsion systems. The company highlights its scalable driveline systems designed for various electric vehicle segments, including high-speed motors and integrated e-Beam axles. AAM aims for significant improvements in efficiency and power density. The exhibit will include innovative products like 3-in-1 electric drive units. AAM has a proven track record with notable collaborations, receiving multiple PACE Awards for its innovative EV technology.
American Axle & Manufacturing (AAM) (NYSE: AXL) has partnered with EKA Mobility to provide an e-Beam axle for EKA's 2.5T battery electric commercial vehicle. This collaboration aims to enhance EKA's electric vehicle portfolio and accelerate the development of sustainable light commercial vehicles. AAM's electric propulsion technology will support EKA's commitment to zero-emission mobility solutions. The partnership is expected to boost product reliability and efficiency while contributing to global electric vehicle adoption.
American Axle & Manufacturing (NYSE: AXL) has achieved validation of its net-zero emissions targets by the Science Based Targets initiative (SBTi), becoming one of the first automotive Tier 1 suppliers to do so. The company aims to reach net-zero greenhouse gas emissions across its value chain by 2040, with specific targets including a 45% reduction in Scope 1 and 2 emissions by 2030 and a 90% reduction by 2040. AAM also plans for two long-term targets to cut Scope 3 emissions by 90% by 2040.
American Axle & Manufacturing (AAM) will present at the Barclays Global Automotive and Mobility Tech Conference on November 30 at 10:00 a.m. ET. The event will be accessible via a live audio webcast on AAM's Investor Relations page, with a replay available after the presentation. AAM specializes in driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles, and operates nearly 85 facilities globally. For additional details, visit aam.com.
American Axle & Manufacturing (AAM), trading as AXL on NYSE, will participate in the Bank of America Securities 2022 Leveraged Finance Conference on November 29 at 9:30 a.m. ET. A live audio webcast will be available on AAM's Investor Relations page. AAM, a global Tier 1 Automotive Supplier, specializes in driveline and metal forming technologies for electric, hybrid, and combustion vehicles. With nearly 85 facilities in 18 countries, AAM is focused on sustainable mobility. For more details, visit their website.
American Axle & Manufacturing Holdings (AXL) reported third-quarter 2022 sales of $1.54 billion, up from $1.21 billion in Q3 2021, driven by the Tekfor acquisition and improved volume. Net income reached $26.5 million, equating to $0.22 per diluted share, a turnaround from a net loss of $(2.4) million in Q3 2021. Adjusted EBITDA was $198.4 million, or 12.9% of sales, down from 15.1% a year prior. AAM also provided updated 2022 financial targets, projecting sales between $5.75 and $5.85 billion and Adjusted EBITDA between $745 and $765 million.
American Axle & Manufacturing (AXL) addressed recent media speculation about a potential sale, asserting that it is not engaged in discussions to sell the company. The company emphasized its commitment to its strategic plan while continuously assessing market conditions and opportunities that benefit its stakeholders. AAM's focus remains on manufacturing driveline and metal forming technologies for various vehicle types. The company expressed it would not provide further comments unless necessary.
American Axle & Manufacturing (AAM) has been selected as the new axle supplier for General Motors' next generation mid-size pickup trucks, including the Chevrolet Colorado and GMC Canyon, debuting in the 2023 model year. AAM will manufacture the axles at its Three Rivers Manufacturing Facility in Michigan. AAM's CEO, David C. Dauch, expressed enthusiasm about the partnership, highlighting the company's commitment to advancing vehicle technologies.
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