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Overview
American Axle & Mfg Holdings Inc (AXL) is a globally recognized Tier 1 automotive supplier that specializes in the design, engineering, validation, and manufacturing of driveline systems, powertrain components and metal forming technologies. With a longstanding history in serving automotive, commercial, and industrial markets, the company has developed a robust portfolio of solutions that support internal combustion, hybrid, and electric vehicle platforms. Its comprehensive expertise spans from advanced driveline systems to precision metal forming and casting techniques, addressing the evolving demands of vehicle performance, efficiency, and safety.
Core Business Areas and Capabilities
American Axle & Mfg Holdings Inc is best known for its innovative approach to developing and validating critical components used in vehicle powertrains. The company’s operations are divided primarily between its Driveline segment and its Metal Forming segment, with the former playing a pivotal role in its revenue generation. By employing advanced engineering methodologies and rigorous validation processes, AXL delivers solutions that meet the stringent requirements of modern automotive design and manufacturing.
Technological Expertise and Manufacturing Excellence
At the heart of AXL’s success is its dedication to technological innovation and engineering precision. The company leverages state-of-the-art manufacturing technologies in driveline systems, utilizing cutting-edge design techniques and advanced metal forming processes to produce components that drive reliable vehicle performance. This expertise is anchored by a global network of production facilities and engineering centers that ensure consistent quality, scalability, and responsiveness to changing market needs.
Global Presence and Market Position
With a broad international footprint, American Axle & Mfg Holdings Inc operates across multiple regions, offering comprehensive support to a diverse customer base. Its global presence is a testament to its focus on operational excellence and the ability to adapt to various regional market dynamics. The company's strategic positioning as a Tier 1 supplier not only underscores its technical capabilities but also its commitment to delivering efficient and innovative solutions that power vehicles around the world.
Commitment to Quality and Customer Partnerships
AXL’s longstanding relationships with major automotive manufacturers are driven by its commitment to quality, reliability, and continuous improvement. The company's detailed attention to engineering validation and product testing ensures that its components meet rigorous industry standards. As a partner to vehicle manufacturers, AXL plays a crucial role in enabling enhanced vehicle performance and safety standards, thereby fostering trust and long-term collaboration in the competitive automotive landscape.
Industry Innovation and Strategic Insights
In an industry characterized by rapid technological shifts, American Axle & Mfg Holdings Inc remains at the forefront by continually innovating its product portfolio. Its comprehensive range of driveline and metal forming solutions is engineered to address the current complexities of vehicle propulsion systems while maintaining a balanced approach to traditional and emerging powertrain technologies. The company’s strategic focus on operational efficiency and quality control has allowed it to consistently meet the evolving demands of the automotive sector.
American Axle & Manufacturing Holdings (NYSE: AXL) will hold a conference call on February 17, 2023, at 10:00 a.m. ET to discuss its fourth quarter and full year 2022 financial results. A press release will be issued before market opens that day, available at www.aam.com. Investors can participate by calling (877) 883-0383 within the US, or (412) 902-6506 from outside the US, using access code 3177234. A replay will be available post-call until February 24, 2023, at (877) 344-7529 (US) and (412) 317-0088 (international). AAM specializes in driveline and metal forming technologies for various vehicle types.
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.
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