American Axle & Manufacturing Holdings, Inc.
-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.
-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.
-The Company is listed on the New York Stock Exchange.
-Rear beam axles
-Rear axle systems
-Balance shaft systems
-TracRite axle differentials
-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
-Rear drive modules
-VecTrac torque vectoring rear drive modules
-Power transfer units
-TracRite transaxles / Transfer case differentials
Metal formed products
-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
-Trunnions and spiders
-Front & rear hypoid 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
-Net formed gears
-Net formed splines
|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.|
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2006
>>>Business Report FY ended Dec. 31, 2007
>>>Business Report FY ended Dec. 31, 2008
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>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss