DETROIT, Dec. 1, 2011 /PRNewswire/ -- American Axle
& Manufacturing Holdings, Inc. (AAM), which is traded as AXL on
the NYSE, today announced the expansion of its existing joint
venture with Hefei Automobile Axle Co., Ltd. (HAAC), a subsidiary
of the JAC Group (Anhui Jianghuai Automotive Group Co., Ltd.) to
include 100% of HAAC's light commercial axle business.
The existing joint venture, Hefei AAM Automotive Driveline &
Chassis System Co., Ltd. is currently a key supplier of rear beam
axle, rear drive modules (RDM), power transfer units (PTU) and
suspension corners for China
independent brand passenger cars, SUVs and MPVs. By adding the
light and medium duty commercial axle business, this expanded joint
venture will supply front and rear beam axles to several leading
Chinese light truck manufacturers, including JAC and BAIC Foton,
making AAM the second largest axle supplier in China's light commercial truck segment.
Subject to regulatory approval in China, the expanded joint venture is expected
to commence operations in December
2011.
The expanded joint venture located in the provincial level
economic development zone of Hefei, capital of Anhui Province, covers a 107,226 square meter
land area and 54,000 square meters of manufacturing space.
"The expanded Hefei AAM joint venture broadens AAM's product
offerings and customers in the fast-growing China market. The new products to be
manufactured in this facility, as well as the new customers to be
served, support our long-term strategic goals of expanding and
diversifying AAM's product portfolio, customer base and global
manufacturing and sourcing footprint," said AAM Co-Founder,
Chairman & CEO Richard E. Dauch.
"AAM is pleased to expand our partnership with the JAC Group in
this important business venture and we look forward to many years
of successful cooperation."
About JAC Group
JAC Automotive is a top Chinese automotive OEM. The main
products of JAC Automotive include light duty commercial vehicles;
medium to heavy-duty commercial vehicles, MPVs, SUVs and passenger
cars.
About AAM
AAM is a world leader in the manufacture, engineering, design
and validation of driveline and drivetrain systems and related
components and modules, chassis systems and metal-formed products
for trucks, sport utility vehicles, passenger cars and crossover
utility vehicles. In addition to locations in the United States (Indiana, Michigan, New
York, Ohio, and
Pennsylvania), AAM also has
offices or facilities in Brazil,
China, Germany, India, Japan,
Luxembourg, Mexico, Poland, South
Korea, Sweden, Thailand and the United Kingdom.
For more information...
Christopher M.
Son
Director, Investor
Relations,
Corporate Communications &
Marketing
(313)
758-4814
chris.son@aam.com
David Tworek
Manager, Communications
(313) 758-4883
david.tworek@aam.com
Or visit the AAM website at www.aam.com.
SOURCE American Axle & Manufacturing Holdings, Inc.