AXL American Axle and Manufacturing Holdings Inc

DETROIT, July 9, 2013 /PRNewswire/ -- A commitment to the advancement of hybrid and electric driveline systems has secured AAM a new driveline systems contract featuring e-AAM™ technology with Qoros Auto Co., Ltd. (Qoros).

Qoros, an automotive manufacturing company headquartered in Shanghai, China, and a joint venture between Chery Automobile Co., Ltd. and Israel Corporation, will feature e-AAM™ technology on a future model year Qoros vehicle. This vehicle will be produced in China for both the Chinese and European automotive markets.

e-AAM™ hybrid and electric driveline systems consist of an electric drive unit, power box unit with an electric drive control module and a proprietary control strategy and software designed for traction and hybrid controls functionality. e-AAM™ technology provides a cost efficient solution with market leading power density, a high degree of modularity and a full scope of controls and software designed to provide significant benefits to consumers. These features include better fuel efficiency, reduced CO₂ emissions and improved safety, ride and handling performance.

"We are extremely pleased to initiate a partnership with Qoros," said AAM President & Chief Executive Officer, David C. Dauch.  "Our investment in driveline systems for hybrid and electric vehicles has allowed us to develop an innovative patent-protected product portfolio, enabling AAM to play a leading role in this important new driveline product segment."

About AAM
AAM (NYSE: AXL) 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 light trucks, sport utility vehicles, passenger cars and crossover vehicles and commercial vehicles. In addition to locations in the United States (Indiana, Michigan, Ohio, and Pennsylvania), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.

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SOURCE AAM