American Axle & Manufacturing Declares Second Quarter 2006 Dividend

DETROIT, May 23, 2006 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced a cash dividend of $0.15 per share payable on June 28, 2006 to stockholders of record on all of the Company's issued and outstanding common stock as of June 7, 2006.

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 light trucks, sport utility vehicles and passenger cars. In addition to locations in the United States (in Michigan, New York and Ohio), AAM also has offices or facilities in Brazil, China, England, Germany, India, Japan, 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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