DETROIT, Oct. 18 /PRNewswire-FirstCall/ -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that the Minerva, Ohio facility of its Colfor Manufacturing, Inc. subsidiary is nearing completion. The more than $60 million investment in building expansion, machinery and equipment will create 175 new jobs at Colfor Manufacturing facilities in the next 24 months. At today's ribbon-cutting ceremony for the expansion, AAM Co-Founder, Chairman & CEO Richard E. Dauch said, "Colfor Manufacturing was one of the first companies AAM evaluated and purchased after becoming a public company in 1999. We purchased the company because we believed in the workforce and their ability to add value and compete in the global automotive marketplace. That decision has been rewarded by a workforce that understands and has adapted to the rapidly changing, highly competitive global automotive industry." According to Thomas J. Szymanski, Colfor Manufacturing's President & COO, "The investment by AAM, the flexibility of our UAW represented workforce, and the assistance from both the State of Ohio and the City of Minerva, have given all of us at Colfor a great opportunity to compete for a bright and secure future." When completed, the Minerva facility will incorporate more than 100 new pieces of equipment designed to provide Colfor Manufacturing with state-of- the-art machining operations. As a result, Minerva will transition from a lower volume and simple production process, to a high-volume manufacturing facility capable of routinely meeting the quality, precision and complexity of design, heat treating and machining requirements for today's automotive industry. AAM is a world leader in the manufacture, engineering, design and validation of driveline systems and related components and modules, chassis systems and forged products for light trucks, sport utility vehicles and passenger cars. In addition to its locations in the United States (in Michigan, New York and Ohio), AAM also has offices or facilities in Brazil, China, England, Germany, India, Japan, Mexico, Scotland and South Korea. 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... Carrie L.P. Gray Christopher M. Son Director, Corporate Relations Director, Investor Relations (313) 758-4880 (313) 758-4814 Or visit the AAM website at http://www.aam.com/ DATASOURCE: American Axle & Manufacturing Holdings, Inc. CONTACT: Carrie L.P. Gray, Director, Corporate Relations, +1-313-758-4880, , or Christopher M. Son, Director, Investor Relations, +1-313-758-4814, , 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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