American Axle & Manufacturing Awarded New Driveline System Production Contract
07 Aprile 2004 - 2:45PM
PR Newswire (US)
American Axle & Manufacturing Awarded New Driveline System
Production Contract DETROIT, April 7 /PRNewswire-FirstCall/ --
American Axle & Manufacturing Holdings, Inc. (AAM), which is
traded as AXL on the NYSE, announced today that it has been
selected as the driveline system and module supplier for a 2008
model year North American vehicle program. AAM will be the sole
source, exclusive supplier and systems integrator for all of the
driveline components, systems, modules and forged products for the
new off-road adventure sport enthusiast vehicle. The contract is
valued at $100 million per year based on current customer design
direction. "We are extremely pleased to have been sourced this
important new vehicle program which recognizes our unmatched
capabilities in designing premier driveline and chassis systems,"
said AAM Co-Founder, Chairman & CEO Richard E. Dauch. "This new
program expands AAM's book of business through 2014." 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, Carrie L.P. Gray, Director, Corporate
Relations, +1-313-758-4880, or , or investor relations, Richard F.
[Rick] Dauch, Vice President, Investor Relations, +1-313-758-4767,
or , both of American Axle & ManufacturingHoldings, Inc. Web
site: http://www.aam.com/
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