American Axle & Manufacturing Awarded a New Driveshaft Contract For New GM Product

DETROIT, May 23 /PRNewswire-FirstCall/ -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it has been awarded a contract to produce driveshafts for a future General Motors Corporation product program.

Last year, GM selected AAM as a driveline systems provider for the program, and awarded design responsibility to AAM for the driveline system, module and components as well as systems integration accountability.

As a result of this new contract, AAM will produce one-piece aluminum, one-piece steel and two-piece steel driveshaft assemblies for the GM platform. The driveshafts feature long-life universal joint designs in a variety of joint sizes and configurations, which add to AAM's driveshaft portfolio.

"We are extremely pleased to have been awarded this contract," said AAM Co-Founder, Chairman of the Board & Chief Executive Officer Richard E. Dauch. "Our engineers have worked diligently to design these driveshafts to be an integral component of the entire driveline system for this significant General Motors program."

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.