American Axle & Manufacturing Declares Third Quarter 2008 Dividend

DETROIT, Aug. 22, 2008 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced a cash dividend of $0.02 per share payable on September 26, 2008 to stockholders of record on all of the Company's issued and outstanding common stock as of September 5, 2008. The quarterly dividend had been $0.15 per share since the second quarter of 2004.

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.