American Axle & Manufacturing Announces Profit-Sharing
DETROIT, Feb. 19 American Axle & Manufacturing Holdings,
Inc. (AAM), which is traded as AXL on the NYSE, today announced that it will
be issuing profit-sharing payments averaging $2,193.12 to its eligible U.S.
AAM has generated profit-sharing payments to its eligible U.S. workforce
each year for the last seven years, since it began operations in 1994.
"We are pleased to share with our associates the positive results of our
record earnings for 2000," said Co-Founder, Chairman & CEO Richard E. Dauch.
"The dedication of our excellent team of associates to quality and increased
productivity provided us with the tools we needed to continue to grow our