American Axle & Manufacturing Announces Ratification of New National Agreement
08 Marzo 2004 - 7:30PM
PR Newswire (US)
American Axle & Manufacturing Announces Ratification of New
National Agreement DETROIT, March 8 /PRNewswire-FirstCall/ --
American Axle & Manufacturing Holdings, Inc. (AAM), which is
traded as AXL on the NYSE, announced that the tentative national
agreement with the International Union, UAW reached on February 27,
2004, covering approximately 6,700 AAM associates, has been
ratified. AAM Co-Founder, Chairman & CEO Richard E. Dauch
welcomed the news of the ratification of the new UAW four-year
agreement. "The ratification of this new four-year national
contract between AAM and the UAW solidifies our mutual goal of
enhancing competitiveness in this structurally changing automotive
marketplace," said Dauch. "The new agreement recognizes these
changes and bodes well for our continued mutual success." American
Axle & Manufacturing is a world leader in the manufacture,
design, engineering, and validation of driveline systems and
related components and modules, chassis systems and forged products
for trucks, sport utility vehicles and passenger cars. In addition
to its 14 locations in the United States (in Michigan, New York and
Ohio), AAM also has offices and facilities in Brazil, England,
Germany, Japan, Mexico and Scotland. Certain statements contained
in this press release which are not historical facts contain
forward-looking information with respect to the Company's plans,
projections or future performance, the occurrence of which involves
risk and uncertainties that could cause the company's actual
results or plans to differ materially from those expected by the
company which include risk factors described in the Company's
filings with the Securities and Exchange Commission. For more
information ... Media relations contact Investor relations contact
Carrie L.P. Gray Richard F. (Rick) Dauch Director, Corporate
Relations Vice President, Investor Relations (313) 758-4880 (313)
758-4767 Or visit the AAM website at http://www.aam.com/
DATASOURCE: American Axle & Manufacturing Holdings, Inc.
CONTACT: Media relations contact: Carrie L.P. Gray, Director,
Corporate Relations, +1-313-758-4880, , or Investor relations
contact: Richard F. (Rick) Dauch, Vice President, Investor
Relations, +1-313-758-4767, , both of American Axle &
Manufacturing Holdings, Inc. Web site: http://www.aam.com/ Company
News On-Call: http://www.prnewswire.com/comp/033813.html
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