American Axle & Manufacturing Reaches Contract Agreements with Unions in Mexico and the United Kingdom
11 Aprile 2008 - 11:55PM
PR Newswire (US)
DETROIT, April 11 /PRNewswire-FirstCall/ -- American Axle &
Manufacturing (AAM), which is traded as AXL on the NYSE, announced
today that it has reached agreements with the unions representing
its associates in England, Mexico and Scotland. "All of AAM's
hourly associates at AAM de Mexico and our wholly-owned subsidiary
Albion Automotive in the United Kingdom have union representation,"
said AAM Co-Founder, Chairman & CEO Richard E. Dauch. "The
recently signed agreements in Mexico and the United Kingdom
achieved a market competitive labor cost structure in those regions
where the facilities are located. This was all done quietly,
professionally, responsibly and effectively with no production
disruption." 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 (Michigan, New York, Ohio and Indiana), AAM also has offices
or facilities in Brazil, China, Germany, India, Japan, Luxembourg,
Mexico, Poland, South Korea, Thailand and the United Kingdom.
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 ... Renee B. Rogers Jamie M.
Little Manager, Corporate Communications and Director, Investor
Relations Media Relations (313) 758-4831 (313) 758-4882 Or visit
the AAM website at http://www.aam.com/ DATASOURCE: American Axle
& Manufacturing CONTACT: Renee B. Rogers, Manager, Corporate
Communications and Media Relations, +1-313-758-4882, , or Jamie M.
Little, Director, Investor Relations, +1-313-758-4831, , both of
American Axle & Manufacturing Web site: http://www.aam.com/
Company News On-Call: http://www.prnewswire.com/comp/033813.html
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