2001 Shareholder Value Awards Winners to Be Honored January 15, 2002

DETROIT, Jan. 14 /PRNewswire-FirstCall/ -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, is one of five winners of the 2001 Shareholder Value Awards jointly presented by Automotive News and PricewaterhouseCoopers. AAM will be honored in the suppliers category for performance over a one-year period.

``We are extremely pleased to receive this award for our stock performance during 2001,'' said AAM Co-Founder, Chairman & CEO Richard E. Dauch. ``Outperforming 34 global companies in the suppliers category is the result of the hard work and dedication of all of our AAM associates. We will remain focused on increasing shareholder value through consistent financial performance while continuing to deliver state-of-the-art, high-technology driveline systems, modules, components and forgings to our customers around the world.''

AAM's stock performance increase of more than 169 percent for 2001 was ranked #11 for New York Stock Exchange listed companies. Additionally, in August 2001, the Company successfully priced a follow-on offering of 3 million shares of common stock by AAM and 4.5 million shares of common stock by Blackstone Capital Partners II Merchant Banking Fund L.P. at a price of $20.50 per share, before underwriting discounts and commissions.

The distinguished awards recognize the highest total shareholder return for automotive vehicle manufacturers, suppliers and retail distributors over a one and three year period. Selection of the winners was based on calculation of total shareholder return as determined by the PricewaterhouseCoopers Shareholder Value Indices. The indices take into account both rises and falls in a company's share price, dividends, share buy backs and new share issues, and provides an objective and reliable measure of shareholder value for stock market listed companies.

Since January of 2000, the indices have been reported in Automotive News on a quarterly basis. Developed specifically for the automotive sector, they provide companies and industry analysts with precise information on relative returns.

The winners will be recognized at a dinner on Tuesday, January 15th at the annual Automotive News World Congress at the Hyatt Regency Hotel in Dearborn, Michigan. Complete year-end results and the winners will be announced in the January 14th issue of Automotive News and at www.autonews.com .

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 trucks, buses, 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.