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.
On November 5, 2021, American Axle & Manufacturing (NYSE: AXL) announced a pivotal agreement with REE Automotive (NASDAQ: REE) to provide electric drive units (EDU) designed for various customer vehicle programs. These next-generation units feature a 3-in-1 technology that combines the motor, gearbox, and inverter, delivering 3,250 Nm of peak torque while weighing 25% less than competitors. Development will take place at AAM's Detroit facility, with prototypes expected by the end of 2021 and full production by 2024.
American Axle & Manufacturing (NYSE: AXL) announced that its TracRite® differentials play a crucial role in powering the 2022 GMC HUMMER EV. The AAM TracRite EL Electronic Locking Front Differential enhances traction and performance for this electric supertruck.
The differential can lock both front wheels, allowing for maximum torque distribution, making it highly effective in various terrains. AAM aims to lead in EV technology with its innovative driveline systems, supporting advancements in vehicle performance and passenger experience.
American Axle & Manufacturing (AXL) announced Michael J. Lynch as the new President of its Driveline Business, effective Nov. 1, 2021. Lynch, who has been with AAM since 1996, previously served as Vice President, Finance and Controller. The company's CEO, David C. Dauch, expressed confidence in Lynch's leadership and experience to drive stability and innovation within the global driveline operations, particularly highlighting advancements in Electric Drive technologies. AAM operates nearly 80 facilities globally, employing about 20,000 associates.
American Axle & Manufacturing Holdings (AXL) will report its third quarter financial results on November 5, 2021. A press release will be issued before market opening and available at www.aam.com. The company will host a conference call at 10:00 a.m. ET to discuss the results. Investors can join via phone or listen to a webcast available on the company's investor relations site. A replay will be accessible until November 12, 2021.
AAM is a leading automotive supplier specializing in driveline technologies, with approximately 20,000 associates across 80 facilities in 17 countries.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the RBC Capital Markets Global Industrials Conference on September 9, 2021, presenting at 10:40 a.m. ET. The event will be held virtually, and a live audio webcast can be accessed via AAM's Investor Relations page at www.aam.com, with a replay available post-event. AAM, headquartered in Detroit, is a top-tier automotive supplier specializing in driveline and metal forming technologies, operating nearly 80 facilities across 17 countries.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) announced a public offering of $600 million in senior notes through its subsidiary, American Axle & Manufacturing, Inc. The offering is subject to market conditions and will be used to redeem its existing 6.25% Senior Notes due 2025. The new notes will be unconditionally guaranteed on a senior unsecured basis by Holdings and certain subsidiaries. This announcement highlights the company's focus on debt management while planning to optimize its financial standing.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the J.P. Morgan Auto Conference on August 12 at 1:20 p.m. ET. The CEO, David C. Dauch, will discuss recent business developments during the virtual event. Investors can access a live audio webcast through AAM's Investor Relations page with a replay available afterward. AAM is a global automotive supplier specializing in driveline and metal forming technologies, dedicated to delivering smarter and more efficient vehicles.
American Axle & Manufacturing Holdings, Inc. (AXL) reported its Q2 2021 results with sales of $1.28 billion, a significant increase from $0.52 billion in Q2 2020. The company achieved net income of $16 million or $0.13 per share, reversing a net loss of $(213.2 million) in the prior year. Adjusted EBITDA stood at $222.6 million, representing 17.3% of sales. AAM forecasts full-year sales between $5.3 - $5.5 billion and adjusted EBITDA between $875 - $925 million. Despite challenges like semiconductor shortages affecting sales by $162 million, AAM remains focused on strengthening its balance sheet and investing in electrification technology.
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