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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.
On February 11, 2022, American Axle & Manufacturing (AXL) announced securing multiple next-generation full-size truck axle programs with global OEM customers. This includes previously awarded contracts from early 2021. The contracts are projected to generate over $10 billion in lifetime revenues from mid-decade to beyond 2030. CEO David C. Dauch emphasized the company's commitment to supporting its traditional axle business and its transition towards electrification.
American Axle & Manufacturing's Power Transfer Unit (PTU) has been integrated into the all-new 2022 Ford Maverick, which has just been awarded the 2022 North American Truck of the Year. AAM's PTU is designed for all-wheel-drive versions of the Maverick, improving vehicle efficiency while maintaining performance. The company's EcoTrac Disconnecting AWD technology is also featured in models like the Ford Edge and Lincoln Nautilus. AAM has supplied over three million disconnecting AWD units since its launch in 2013, promoting safer and more efficient vehicles.
American Axle & Manufacturing (AXL) is investing $15 million in Autotech Ventures, a Silicon Valley venture capital firm. This collaboration aims to advance AAM's mission of developing efficient electric drivelines. Autotech manages over $400 million and focuses on innovative solutions in ground transportation. AAM intends to leverage Autotech's portfolio to identify and partner with startups that specialize in electrification and other mobility initiatives, enhancing innovation in automotive technologies.
American Axle & Manufacturing (AAM) will hold a conference call on February 11, 2022, at 10:00 a.m. ET to discuss its fourth quarter and full-year financial results. A press release with results will be provided before the market opens that day. Participants can join by phone or through a live audio webcast, with a replay available after the call. AAM is a leading global tier 1 automotive supplier, specializing in advanced electric propulsion, driveline, and metal forming technologies and operates approximately 80 facilities in 17 countries.
REE Automotive (NASDAQ: REE) and American Axle & Manufacturing Holdings (NYSE: AXL) are set to host an in-person event at CES on January 5, 2022, at 12:15 p.m. PT. The focus will be on their collaboration in the growing electrification market, featuring AAM's advanced electric drive technology, which supports REE's modular EV platforms. This partnership aims to accelerate the deployment of innovative electric vehicles. A live video webcast will be available on both companies' investor relations websites.
American Axle & Manufacturing (AAM) (NYSE: AXL) will participate in the Credit Suisse Virtual Industrials Conference on December 1, presenting at 1:30 p.m. ET. AAM is a leading automotive supplier specializing in driveline and metal forming technologies, aiming to enhance vehicle efficiency and safety. A live audio webcast of the presentation will be available on AAM's Investor Relations page, with a replay accessible after the event. AAM operates globally with around 20,000 employees in 17 countries.
American Axle & Manufacturing (NYSE: AXL) will participate in the BofA Securities 2021 Leveraged Finance Virtual Conference on November 30, with a presentation scheduled for 11:15 a.m. ET. A live audio webcast will be available on AAM's Investor Relations page and a replay will follow. AAM, a leading global tier 1 automotive supplier, focuses on driveline and metal forming technologies, employing approximately 20,000 associates across 80 facilities in 17 countries. For further details, visit www.aam.com.
American Axle & Manufacturing (AAM) will present at the Barclays Global Automotive and Mobility Tech Conference on November 18 at 1:15 p.m. ET. This event will be held virtually, and a live audio webcast can be accessed through AAM's Investor Relations page. A replay will also be available post-event. AAM, known for designing and manufacturing driveline and metal forming technologies, employs around 20,000 associates globally. For more details, visit www.aam.com.
American Axle & Manufacturing reported Q3 2021 sales of $1.21 billion, a decline from $1.41 billion in Q3 2020, impacted by a $245 million semiconductor shortage. The company incurred a net loss of $(2.4) million compared to a profit of $117.2 million a year prior. Adjusted EBITDA dropped to $183.2 million (15.1% of sales) from $297.1 million (21.0% of sales). AAM targets $5.15 - $5.25 billion in 2021 sales and $400 million in adjusted free cash flow, amidst ongoing supply chain challenges.
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