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) 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.
American Axle & Manufacturing Holdings, Inc. (AAM) (NYSE: AXL) will hold a conference call on November 4, 2022, at 10:00 a.m. ET to discuss its third-quarter financial results. A press release with the results will be issued before the market opens that day. Participants can join the call via telephone or through a live audio webcast available on AAM's investor website. The audio replay will be accessible for one week following the call. AAM designs and manufactures technologies for electric, hybrid, and internal combustion vehicles and operates nearly 85 facilities worldwide.
On September 19, 2022, American Axle & Manufacturing Holdings (NYSE: AXL) received three prestigious Automotive News PACE awards for its innovative electric drive technologies. The awards included a PACE Award for its P3 2-speed Electric Drive Technology, a PACE Innovation Partnership Award with Mercedes-AMG, and a PACEpilot Innovation to Watch accolade for the P4 Integrated 3-In-1 Wheel-End Electric Drive Unit. These honors reinforce AAM's leadership in electrification within the automotive industry, building upon prior recognitions for its electric innovations.
American Axle & Manufacturing Holdings (AXL) will participate in two major conferences: the RBC Capital Markets Global Industrials Conference on September 13 and Morgan Stanley's 10th Annual Laguna Conference on September 14. Management is expected to address significant industry trends, particularly production volatility. AAM will webcast its presentation at the Morgan Stanley conference on September 14 at 11:05 a.m. PT, accessible via the company's Investor Relations page.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the J.P. Morgan Auto Conference on August 10, 2022. The company is scheduled to present at 8:00 a.m. ET. A live audio webcast will be accessible through the Investor Relations page on AAM's website, with a replay available after the event.
Headquartered in Detroit, AAM specializes in Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles, operating nearly 85 facilities across 18 countries.
American Axle & Manufacturing (AXL) reported strong second quarter 2022 results with sales of $1.44 billion, an increase from $1.28 billion in Q2 2021. Net income rose to $22.9 million, or $0.19 per share, compared to $16.0 million a year earlier. Adjusted EBITDA was $195.1 million, a 13.6% margin, down from 17.3%. The company anticipates full-year sales between $5.75 - $5.95 billion and adjusted EBITDA of $790 - $830 million. The positive impact of the Tekfor acquisition is expected in 2023.
American Axle & Manufacturing Holdings (AXL) will hold a conference call on August 5, 2022, at 10:00 a.m. ET to discuss its second quarter results. A press release detailing the financial results will be available before market opening on the same day. Participants can join via phone or listen online at www.aam.com. A replay will be available for one week following the call. AAM, a leader in automotive and mobility solutions, operates nearly 80 facilities across 17 countries.
American Axle & Manufacturing (AXL) held its 28th Annual Supplier Day, awarding top suppliers for excellence in various categories. Webco Industries and Incora were honored as Supplier of the Year for their contributions to the company's operations. Webco excelled in launching new programs and maintaining flexibility, while Incora supported sustainability initiatives. Additionally, ten suppliers received the Supplier Excellence Award, chosen based on delivery performance, product quality, and innovation. This recognition highlights the importance of supplier partnerships in AAM's mission to deliver top driveline and EV technologies.
American Axle & Manufacturing (NYSE: AXL) announced that its electric driveline technology is powering the Mercedes-AMG GT 63 S E PERFORMANCE, the first plug-in hybrid electric model from AMG. AAM supplies the vehicle's rear drive unit, which is a finalist for the 2022 Automotive News PACE™ Award. The electric drive unit features a compact design with a two-speed gearbox and eLSD, providing superior performance with 620 kW/843 hp and a 0-62 mph time of 2.9 seconds. This partnership highlights AAM's position as a leading supplier in the electric drive technology market.
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