American Axle & Manufacturing Holdings, Inc.

Company Profile

■URL

https://www.aam.com/

■Address

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

Business Overview

-The Company develops and manufactures driveline and metal formed products and technologies for electric, hybrid and internal combustion vehicles across all vehicle segments.

-The Company is organized into two operating segments: Driveline and Metal Forming. In the first quarter of 2019, the Company restructured its business to disaggregate the Powertrain segment, moving a part of it into the Driveline segment and remainder into the Metal Forming segment. The third segment, Casting, was divested in December 2019 and is currently not part of the Company. The Company completed its segment reorganization in the first quarter of 2021. In the first quarter of 2023, the Company shifted one plant previously reported in the Driveline segment to the Metal Forming segment.

Driveline: Develops and produces 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: Develops and produces engine, transmission, and driveline components including axle and transmission shafts, ring and pinion gears, differential gears and assemblies, connecting rods and variable valve timing products.

-On January 29, Detroit-based American Axle and Manufacturing (AAM) announced it will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the UK firm at about GBP 1.16 billion (USD 1.44 billion). Described as a combination of companies, it is expected that AAM shareholders will own approximately 51% of the combined group and Dowlais shareholders will own approximately 49% upon closing of the transaction. The combined company will be headquartered in Detroit at the American Axle Manufacturing's headquarters on Holbrook Ave., and will be led by David C. Dauch, American Axle's chairman and CEO. Upon completion of the transaction, AAM will continue to trade on the New York Stock Exchange under the ticker symbol “AXL” and the new AAM shares will be authorized for primary listing on the New York Stock Exchange subject to official notice of issuance. The combination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and EV powertrains; expected to generate annual revenues of approximately USD 12 billion on a non-adjusted combined basis. Within the first full year following the close of the transaction, the combination is expected to deliver an approximate USD 300 million annual run rate in cost synergies and high earnings accretion. The deal is expected to close in 2025 subject to shareholder and regulatory approvals including from the European Union, United States, and China, where Dowlais operates a joint venture. (AAM press release on January 29, 2025)

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. It supplies a large percentage of GM’s rear axle, four-wheel drive, and all-wheel drive axles for these vehicle platforms. The Company also supplies GM with various products from its Metal Forming segments. Approximately 42% of the Company’s net sales in the fiscal year ended December 31, 2024 were sales to GM.

-The Company supplies driveline system products to Stellantis for programs including its heavy-duty Ram full-size pickup trucks and its derivatives. Approximately 13% of the Company’s net sales in the fiscal year ended December 31, 2024 were to Stellantis.

-The Company supplies driveline products to Ford on specific vehicle programs including the Bronco Sport, Maverick, Edge, Escape and Lincoln Nautilus. Approximately 13% of the Company’s net sales in the fiscal year ended December 31, 2024 were to Ford.

Shareholders

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

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Products

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

Metal formed products
-Actuator rings
-Annulus ring gears
-Apply plates
-Axle carrier housings
-Axle shafts
-Ball joint housings
-Ball ramp actuator components
-Ball sockets
-Bearing caps
-Brake pistons
-Clutch housings
-Clutch plates and hubs
-Clutch teeth
-Connecting rods
-CVT components with net parking teeth
-Differential assemblies
-Differential gears
-Driveshaft and propeller shaft yokes and trunnions
-DTU housings
-Front & rear hypoid pinions
-Front axle disconnect components
-Hypoid ring gears
-Inner and outer tie rods and relay rods
-Input gears
-Input shafts
-Net formed gears
-Net formed splines
-Output shafts
-Planetary carriers
-PTU shafts and gears
-Rotors
-Scissor gears
-Shaft speed sensors
-SmartBar electronic stabilizer systems
-Solenoid bodies
-Splined sleeves
-Sprockets
-Stem pinions
-Stub shafts
-Suspension components
-Teflon banded assemble
-Tensions devices
-Tie rod sockets and links
-Timing system components and kits
-Transfer gears
-Transmission shafts, hubs and gears
-Trunnions and spiders
-Valve bodies
-Variable valve timing components
-Wheel hubs and spindles

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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.
Jun. 2022	Completed acquisition of Tekfor Group, a specialist in developing fasteners, modules, and metal formed components, for EUR 125 million.