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. became Dauch Corporation and reports news as a global Tier 1 automotive supplier focused on Driveline and Metal Forming technologies. The company designs, engineers and manufactures components for electric, hybrid and internal combustion vehicles, with updates tied to operating performance, financial results, non-GAAP measures, cash flow and outlook commentary.
Recurring company developments include the completed name and ticker transition from AXL to DCH, integration and operating effects from the Dowlais acquisition, investor conference presentations, capital-structure disclosures, shareholder voting matters and governance updates. News also reflects the company’s role in automotive powertrain and metal-forming supply chains.
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American Axle & Manufacturing Holdings (AXL) reported strong financial performance for Q4 and full year 2022. Q4 sales reached $1.39 billion, net income was $13.9 million, and adjusted EBITDA stood at $157.7 million. For the full year, sales totaled $5.80 billion with net income of $64.3 million. AAM's 2023 outlook targets sales between $5.95 billion and $6.25 billion and adjusted EBITDA of $725 million to $800 million. The company also highlights a $725 million new business backlog expected to boost electrification initiatives.
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American Axle & Manufacturing (NYSE: AXL) will participate in the Citi's 2023 Global Industrial Tech and Mobility Conference on February 21, 2023. The company is scheduled to present at 11:20 a.m. ET. A live audio webcast of the presentation can be accessed via AAM's Investor Relations page.
AAM is a leading Tier 1 automotive supplier headquartered in Detroit, operating over 80 facilities worldwide. The company specializes in driveline and metal forming technologies for various vehicle types, including electric and hybrid vehicles. For more details about AAM, visit www.aam.com.
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American Axle & Manufacturing Holdings (NYSE: AXL) will hold a conference call on February 17, 2023, at 10:00 a.m. ET to discuss its fourth quarter and full year 2022 financial results. A press release will be issued before market opens that day, available at www.aam.com. Investors can participate by calling (877) 883-0383 within the US, or (412) 902-6506 from outside the US, using access code 3177234. A replay will be available post-call until February 24, 2023, at (877) 344-7529 (US) and (412) 317-0088 (international). AAM specializes in driveline and metal forming technologies for various vehicle types.
American Axle & Manufacturing (AAM) showcased its commitment to electrification at CES 2023 in Las Vegas, highlighting advanced electric driveline systems. AAM's booth featured innovative technology like the 3-in-1 electric drive unit and fully integrated e-Beam axle. Attendees can interact with displays, including a vehicle configurator and driving simulator. CEO David C. Dauch emphasized partnerships with OEMs for sustainable mobility. AAM's presence at CES marks a crucial step in its strategy towards carbon net zero solutions.
American Axle & Manufacturing Holdings (NYSE: AXL) will hold a live webcast of its Technology Day management presentation on January 4, 2023, at 1:00 p.m. PT (4:00 p.m. ET). The event will be accessible via the Investor Relations page on AAM's website, with a replay available afterward. AAM, headquartered in Detroit, is a global leader in automotive and mobility solutions, specializing in driveline and metal forming technologies for various vehicle types. For more details, visit www.aam.com.
American Axle & Manufacturing (AAM) will showcase its advancements in electric mobility at CES 2023, emphasizing its leadership in electric propulsion systems. The company highlights its scalable driveline systems designed for various electric vehicle segments, including high-speed motors and integrated e-Beam axles. AAM aims for significant improvements in efficiency and power density. The exhibit will include innovative products like 3-in-1 electric drive units. AAM has a proven track record with notable collaborations, receiving multiple PACE Awards for its innovative EV technology.
American Axle & Manufacturing (AAM) (NYSE: AXL) has partnered with EKA Mobility to provide an e-Beam axle for EKA's 2.5T battery electric commercial vehicle. This collaboration aims to enhance EKA's electric vehicle portfolio and accelerate the development of sustainable light commercial vehicles. AAM's electric propulsion technology will support EKA's commitment to zero-emission mobility solutions. The partnership is expected to boost product reliability and efficiency while contributing to global electric vehicle adoption.