American Axle & Manufacturing Announces New Metal-Formed Products Contracts

DETROIT, Jan. 24, 2005 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it has been awarded new metal-formed products business worth annualized revenue of more than $63 million. This new business is part of the $1 billion in future annual sales announced by AAM on January 13, 2005.

This new business includes raw forgings, fully machined transmission components, new technology forgings with net-formed splines and features, as well as closed die flashless forgings. Some of the new programs began launching in 2004 and the launch process will continue through 2006.

"This new business represents an international expansion of our customer base as well as the first application of new metal-formed products technology," says Metal Formed Products Division President Richard F. (Rick) Dauch. "Components will be shipped to multiple OEMs in the U.S.A., as well as European and Asian customers. The fact that four of our forged and machined components will be exported from one of our facilities in the United States to a European customer, confirms the world-class competitiveness of our products. We plan to build on these important new customer relationships by introducing a wider range of our metal-forming capabilities and value-added product offerings to these markets in the future."

AAM is a world leader in the manufacture, engineering, design and validation of driveline systems and related components and modules, chassis systems and metal-formed products for light trucks, sport utility vehicles and passenger cars. In addition to its locations in the United States (in Michigan, New York and Ohio), AAM also has offices or facilities in Brazil, China, England, Germany, India, Japan, Korea, Mexico, Scotland and South Korea.

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  ...

  Carrie L.P. Gray                     Christopher M. Son
  Director, Corporate Relations        Director, Investor Relations
  (313) 758-4880                       (313) 758-4814
  grayc@aam.com                        chris.son@aam.com
   
   Or visit the AAM website at http://www.aam.com/

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