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 powertrain systems and their related components, metal formed products and casting 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.

-Subsequent to the Company’s acquisition of MPG in April 2017, the Company is organized into four reportable segments as follows:

  • Driveline: Systems and components including axles, driveshafts, power transfer units, rear drive modules, transfer cases, electric and hybrid systems
  • Metal Forming: Components including axle and transmission shafts, ring and pinion gears, differential gears, transmission gears and suspension components
  • Powertrain: Systems including transmission modules, differential assemblies, transmission valve bodies, connecting rod forging and assemblies, torsional vibration dampers and variable valve timing products
  • Casting: Products including thin wall castings, high-strength ductile iron castings, differential cases, steering knuckles, control arms, brackets and turbocharger housings.


-In 2019, the Company plans to begin a restructuring plan to convert from four business units into three business units. The Company will disaggregate its Powertrain business unit, moving a potion of it into the Driveline business unit and the remainder into the Metal Forming business unit.

Major Customers

-The Company is the principal supplier of driveline components to GM for its full-size rear-wheel drive light trucks and SUVs 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, 2018, sales to GM accounted for approximately 41% of the Company's net sales.

Competitors

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
-TracRite axle differentials
-Differential cases
-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
-VecTrac torque vectoring rear drive modules
-Transfer cases
-Power transfer units
-TracRite transaxles / Transfer case differentials

Powertrain components
-Transmissions / Transfer case components
-Intake manifolds
-Oil pans
-Bell housings
-Connecting rods
-Transmission valve bodies
-Balance shaft systems
-Crankshaft dampers and pulleys
-Clutch modules
-Variable valve train components
-End cover assemblies
-Rubber molded sprockets
-AWD levers and gears
-Damped gears
-Differential assemblies
-Suspension modules

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
-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

Casting components
-Differential cases and carriers
-Bearing caps
-Engine brackets
-Axle carriers and tubes
-Knuckles and control arms
-Turbine housings
-Brake calipers and anchor brackets
-Valve bodies
-Suspension brackets
-Bearing housings

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

Supplemental Information 1