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

American Axle & Manufacturing (AAM) and REE Automotive have partnered to develop an electric propulsion system for e-Mobility. This collaboration includes leveraging AAM's lightweight electric drive units and advanced integration capabilities into REE's innovative REEcorner technology, which offers a fully flat EV chassis for multiple commercial applications. Prototypes are expected by the end of 2021. The merger of REE with 10X Capital Venture Acquisition Corp (VCVC) is also underway, aiming for public listing.

American Axle & Manufacturing (AXL) highlights its high-performance Power Transfer Unit (PTU) featured in the new Ford Bronco® Sport SUV. The PTU, part of AAM's EcoTrac® Disconnecting AWD solutions, enhances vehicle handling and traction in challenging conditions. AAM provides both air-cooled and liquid-cooled PTUs for different Bronco Sport models, optimizing efficiency while reducing emissions. With over three million disconnecting AWD units supplied since 2013, AAM continues to lead in automotive driveline technology.

American Axle & Manufacturing Holdings, Inc. (AXL) will hold a conference call to discuss its Q1 2021 financial results on May 7, 2021, at 10:00 a.m. ET. A press release with the financial results will be issued before the market opens on the same day, available at www.aam.com. Investors can participate via phone or online webcast, with a replay available until May 14. AAM is a leading global automotive supplier, focusing on driveline and metal forming technologies with around 20,000 associates across 80 facilities in 17 countries.

American Axle & Manufacturing (AXL) will participate in the 2021 Bank of America Auto Summit, scheduled for March 31, 2021, at 12:30 p.m. ET. The event will take place virtually, with a live audio webcast accessible on AAM's Investor Relations page. A replay will also be available post-event. AAM, headquartered in Detroit, is a leading global tier 1 automotive supplier, employing approximately 20,000 associates across 80 facilities in 17 countries. For more details, visit www.aam.com.

American Axle & Manufacturing (AAM) will participate in the Wolfe Global Autos Conference on February 25, 2021, starting at 8:00 a.m. ET. CEO David C. Dauch will discuss recent business developments. A live audio webcast will be available on AAM's Investor Relations page, with a replay following the event. AAM, a leading global tier 1 automotive supplier, focuses on driveline and metal forming technologies, employing around 20,000 associates across nearly 80 facilities in 17 countries. More details can be found at aam.com.

American Axle & Manufacturing (AXL) received the 2020 Dorian Award for Y to X® Problem Solving Cultural Excellence, recognizing its adeptness in addressing complex manufacturing challenges. Shainin, the award presenter, highlighted AAM’s structured problem-solving approach and its robust support system that empowers teams. In 2020, AAM executed 66 Shainin projects and trained over 325 associates globally in these methodologies. The company quickly transitioned to virtual training amid the COVID-19 pandemic, ensuring continuity in its training initiatives.

American Axle & Manufacturing (AAM) will present at the Citi Global Industrials Conference on February 18 at 11:20 a.m. ET. The presentation will be accessible via a live audio webcast on AAM's Investor Relations page, with a replay available afterward. AAM is a global leader in automotive supply, focusing on driveline and metal forming technologies, serving customers from nearly 80 facilities across 17 countries.

American Axle & Manufacturing (AAM) has secured a significant next-generation axle and driveshaft program for Ram's heavy-duty pickup trucks. This long-term partnership, which extends through 2030, is expected to generate several billion dollars in sales for AAM. AAM aims to leverage its advanced driveline technologies to support Ram's vehicle program, reinforcing their commitment to innovation in automotive technologies. The company operates globally with a focus on manufacturing high-quality driveline and metal forming technologies.

American Axle & Manufacturing Holdings (AXL) reported Q4 2020 sales of $1.44 billion, net income of $36 million, and an Adjusted EBITDA of $261.5 million. For the full year, sales totaled $4.71 billion, reflecting a net loss of $(561.3 million) due to COVID-19 impacts. The company targets 2021 sales between $5.3 - $5.5 billion and an Adjusted EBITDA in the range of $850 - $925 million. AAM expects approximately $600 million in new business backlog from 2021 to 2023, with emphasis on electrification initiatives.