Welcome to our dedicated page for American Axle & Mfg Hldgs news (Ticker: AXL), a resource for investors and traders seeking the latest updates and insights on American Axle & Mfg Hldgs stock.
American Axle & Manufacturing Holdings, Inc. (AAM) (NYSE: AXL) is a global Tier 1 Automotive and Mobility Supplier that regularly issues news about its operations, strategy and financial performance. The company designs, engineers and manufactures Driveline and Metal Forming technologies for electric, hybrid and internal combustion vehicles, and is headquartered in Detroit, Michigan with nearly 75 facilities in 15 countries.
News coverage for AXL commonly includes quarterly and annual financial results, where AAM reports sales, net income, adjusted EBITDA, adjusted earnings per share, cash flow metrics and updated financial outlooks. These releases often explain the company’s use of non-GAAP measures such as Adjusted EBITDA and Adjusted free cash flow, and provide definitions and reconciliations.
AAM’s news flow also features capital markets and financing announcements, such as the pricing and issuance of senior secured notes due 2032 and senior unsecured notes due 2033 by its wholly owned subsidiary. These items describe how proceeds are expected to be used, including funding the pending business combination with Dowlais Group plc, repaying Dowlais’s existing credit facilities, funding change of control offers for certain Dowlais notes and redeeming or partially redeeming certain AAM notes.
Another key category of AXL news relates to the recommended cash and share combination with Dowlais Group plc. Joint announcements provide updates on regulatory clearances from competition authorities in multiple jurisdictions and outline the expected timing and conditions for closing the transaction.
Investors and analysts can also find event and conference participation updates, where AAM announces webcasts and fireside chats at conferences hosted by institutions such as J.P. Morgan, Barclays, UBS and Bank of America. These items typically include webcast details and reiterate the company’s positioning as a global Tier 1 supplier.
For anyone tracking AXL, this news stream offers insight into AAM’s financial performance, capital structure, strategic combination with Dowlais and ongoing engagement with the investment community.
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.
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.