American Axle & Mfg Hldgs Inc Stock Price, News & Analysis

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.

REE Automotive Ltd. (NASDAQ: REE) has nominated American Axle & Manufacturing (NYSE: AXL) to supply high-performance electric drive units (EDUs). AAM's innovative 3-in-1 electric drive technology will be integrated into REE's REEcorner technology, enhancing power density while reducing weight. Prototypes are expected by late 2021, with full production projected for 2024, primarily targeting a U.S.-based delivery van program. This collaboration aims to support REE's growth and commitment to a zero-emissions future through high-quality automotive technology.

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.