American Axle & Manufacturing Holdings, Inc.

Company Profile

■URL

http://www.aam.com

■Address

One Dauch Drive, Detroit, MI 48211-1198, USA

Business Overview

-The Company develops and manufactures driveline and metal formed products for light trucks, SUVs, passenger cars, crossover vehicles, and commercial vehicles.

-In April 2017, the Company completed the acquisition of Metaldyne Performance Group Inc. (MPG) for approximately USD 1.6 billion in cash and stock.

-As of the new fiscal year ending on December 31, 2020, the Company is organized into the Driveline and Metal Forming segments. A third segment, Casting, was divested in December 2019 and is currently no longer part of the Company:

  • Driveline: Systems and components including front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems.
  • Metal Forming: Components including axle and transmission shafts, ring and pinion gears, differential gears and assemblies, connecting rods and variable valve timing products.
  • Casting: Thin wall castings, high strength ductile iron castings, transmission pump bodies, steering knuckles, control arms, brace anchors and calipers.


-In the first quarter of 2019, the Company restructured its business to disaggregate its Powertrain segment, moving a portion of it into the Driveline segment and the remaining part into the Metal Forming segment.

Major Customers

-The Company is the principal supplier of driveline components to GM for its full-size rear-wheel drive light trucks, SUVs and crossover vehicles manufactured in North America, supplying a large percentage of GM’s rear axle, four-wheel drive, and all-wheel drive axles for these vehicle platforms. The Company supplies GM with various products from its other segments.

-The Company supplies driveline system products to FCA in the U.S. for heavy-duty Ram full-size pickup trucks and its derivatives, the AWD Jeep Cherokee, and a passenger car driveshaft program

-The Company is looking to diversify its customer base and reduce its dependence on GM. During the fiscal year ended December 31, 2019, sales to GM accounted for approximately 37% of the Company's net sales, a decrease from 41% and 47% in 2018 and 2017, respectively.

Shareholders

-The Company is listed on the New York Stock Exchange.

Products

Driveline systems
-Rear beam axles
-Rear axle systems
-Front axles
-Driveshafts
-Multi-piece driveshafts
-Balance shaft systems
-TracRite axle differentials
-Differential cases
-Differential assemblies
-Torque transfer devices / Electronic control couplings
-Constant velocity joints
-Quantum lightweight axles
-Quantum AWD and RWD modules
-Sylent foam liner for aluminum driveshaft NVH performance
-EcoTrac disconnecting AWD systems
-e-AAM hybrid and electric drive systems
-AWD modules
-Rear drive modules
-Suspension modules
-VecTrac torque vectoring rear drive modules
-Transfer cases
-Power transfer units
-TracRite transaxles / Transfer case differentials

Metal formed products
-Axle shafts
-Input shafts
-Output shafts
-Transmission shafts, hubs and gears
-CVT components with net parking teeth
-PTU shafts and gears
-Driveshaft and propeller shaft yokes and trunnions
-Variable valve timing components
-Connecting rods
-Valve bodies
-Clutch housings
-Solenoid bodies
-Brake pistons
-Suspension components
-Bearing caps
-Sprockets
-Stub shafts
-Differential gears
-Trunnions and spiders
-Front & rear hypoid pinions
-Stem pinions
-Hypoid ring gears
-Front axle disconnect components
-Inner and outer tie rods and relay rods
-Tie rod sockets and links
-Wheel hubs and spindles
-SmartBar electronic stabilizer systems
-Differential assemblies
-Ball sockets
-Net formed gears
-Net formed splines
-Clutch teeth

History

Mar. 1994 Formed by Richard E. Dauch and a group of investors.
Oct. 1997 The Company was acquired by AAM Acquisition Inc., an entity organized by Blackstone Capital Partners II Merchant Banking Fund L.P.
1998 Incorporated in Delaware in 1998 as a successor to American Axle & Manufacturing of Michigan, Inc.
1998 Acquired Albion Automotive (Holdings) Limited.
1999 Purchased two forging companies, Colfor Manufacturing, Inc. and MSP Industries Corporation.
2001 Opened Stabilizer Bar Development Center at Detroit Forge.
2004 Opened Pune Business Office & Engineering Center in Pune, India.
2005 Opened business offices in Shanghai, China & Seoul, S. Korea.
2005 Opened the Process Development Center.
2006 Established a new plant in Changshu, China and in Olawa, Poland.
Oct. 2007 Formed a joint venture, AAM Sona Axle, with Sona Koyo Steering Systems Limited of India.
Feb. 2008 Started construction of a new manufacturing facility in Thailand.
Dec. 2008 Entered into an agreement to form a 50-50 joint venture, Hefei AAM Automotive Driveline & Chassis System Co., Ltd. with Hefei Automobile Axle Co, Ltd., (HAAC)
Mar. 2010 Established a new manufacturing plant in Lancaster, Pennsylvania, USA.
Sep. 2010 Established a joint venture with Saab which is owned by Spyker Cars of the Netherlands.
Jan. 2011 Acquired 100% ownership of the AAM Sona Axle Private Limited Joint Venture (AAM Sona Axle) in India. AAM Sona Axle, previously a joint venture between AAM and Sona Koyo Steering Systems Ltd.
Sep. 2011 Opened its manufacturing facility in Rayong, Thailand.
Feb. 2012 Acquired 100% ownership of e-AAM Driveline Systems in Sweden, previously a joint venture with Saab Automobile AB.
May 2012 Opened AccuGear Silao, the second location for metal form operations in Mexico.
Aug. 2012 Opened manufacturing facility in Chennai, India.
Sep. 2012 Opened Winter Test Center in Arjeplog, Sweden.
Apr. 2017 Completed acquisition of Metaldyne Performance Group for approximately USD 1.6 billion in cash and stock
1Q 2019 Initiated global restructuring program to consolidate business from four segments to three segments, thereby eliminating the Powertrain segment.
Dec. 2019 Completed sale of the Company’s Casting segment for cash proceeds of USD 141.2 million and a deferred payment obligation of USD 60.0 million.

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