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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) 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.
American Axle & Manufacturing (NYSE: AXL) will participate in Deutsche Bank's Global Auto Industry Conference on June 15, 2022, at 2:20 p.m. ET. A live audio webcast of the presentation will be available on AAM's Investor Relations page, with a replay accessible after the event. AAM, a leading Tier 1 Automotive Supplier, focuses on Driveline and Metal Forming technologies for various vehicle types, including electric and hybrid models. The company is headquartered in Detroit and operates nearly 80 facilities across 17 countries.
AAM has addressed recent media speculation regarding a potential sale of the company, clarifying that it is not engaged in such a process. The company remains focused on executing its current stand-alone strategy. AAM continuously monitors market conditions and considers strategic opportunities that align with the best interests of its customers, associates, and shareholders. As a leading global Tier 1 automotive supplier, AAM specializes in driveline and metal forming technologies for various vehicle types.
American Axle & Manufacturing Holdings, Inc. (AXL) reported first-quarter 2022 results, revealing sales of $1.44 billion, net income of $1.0 million (or $0.01 per share), and adjusted EBITDA of $196.1 million (or 13.7% of sales). Despite a slight sales increase from $1.43 billion in Q1 2021, results were negatively impacted by a $31 million hit from semiconductor shortages. The company revised its 2022 financial outlook, targeting sales between $5.6 and $5.8 billion and adjusted EBITDA ranging from $785 to $830 million.
American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) is set to announce its first-quarter financial results on May 6, 2022, during a conference call at 10:00 a.m. ET. The results will be publicly available prior to market opening on the same day via their website. Participants can join the call by dialing the provided phone numbers. A replay of the call will be available shortly after its conclusion until May 13, 2022. AAM is a leading Tier 1 automotive supplier focusing on driveline and metal forming technologies for various vehicle types.
American Axle & Manufacturing (AAM) has been recognized as a finalist for both the 2022 Automotive News PACE™ Award and the PACEpilot Award due to its advancements in electrification and e-mobility technologies. AAM's P3 2-speed Electric Drive Technology stands out as the first volume production application of a P3, 2-speed architecture, featuring an electronic limited slip differential. Meanwhile, the P4 Integrated 3-In-1 Wheel-End Electric Drive Unit combines a motor, gearbox, and inverter for various applications. These accolades affirm AAM's leadership in innovation within the electric vehicle sector.
American Axle & Manufacturing (AAM) (NYSE: AXL) has announced its acquisition of Tekfor Group for an enterprise value of €125 million, enhancing its electrification product portfolio. This strategic move is expected to diversify AAM's customer base and geographic reach and aligns with its tactical mergers and acquisitions strategy. Tekfor, based in Germany, reported sales of approximately €285 million in 2021 and specializes in automotive fasteners and metal formed components for driveline and powertrain applications. The transaction is anticipated to close in Q2 2022, pending regulatory approvals.
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