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American Axle & Manufacturing Elects New Board Members

3 May 1999

American Axle & Manufacturing Elects New Board Members And Announces Executive Changes

    DETROIT, May 3 -- American Axle & Manufacturing Holdings,
Inc. announces the election of two new members to its board of
directors:  Forest J. Farmer Sr., chairman, CEO & president of the Farmer
Group, and Robert L. Friedman, senior managing director of The Blackstone
Group.
    Mr. Farmer is the chairman, CEO & president of the Farmer Group, a holding
company of four technology and manufacturing corporations.  Prior to that, he
served as president & CEO of Bing Manufacturing Inc., LLC., a joint venture
company he formed with Detroit entrepreneur Dave Bing and automotive
dealership businessman Mel Farr.  Farmer retired from Chrysler in 1994 after
26 years including six years as president of its automotive parts subsidiary,
Acustar.  He serves on the boards of directors of more than a dozen
corporations and organizations including St. John's Hospital System, Saturn
Electronics Corporation, and 100 Black Men of Greater Detroit.
    Mr. Friedman joined The Blackstone Group earlier this year after a 32-year
career at Simpson Thacher & Bartlett.  In his capacity with Simpson Thacher &
Bartlett, he was one of America's leading attorneys specializing in mergers
and acquisitions, and he served as Blackstone's lead counsel since
Blackstone's founding in 1985.  He works primarily in Blackstone's Principal
Investment Group.
    With the addition of these two new members, the board of American Axle &
Manufacturing Holdings, Inc. increases to seven members.

    Executive changes announced
    American Axle & Manufacturing Holdings, Inc. also announces three
executive changes.

    *  Gary J. Witosky to president & chief operating officer, Colfor
Manufacturing, Inc.  Witosky formerly served as vice president, Finance, and
chief financial officer.  It is expected that an appointment to this position
will be made in the near future.
    *  Robert A. Krause to acting interim chief financial officer, while
continuing in his role as treasurer.
    *  Yogendra N. Rahangdale to vice president, Manufacturing Services,
American Axle & Manufacturing, Inc. from executive director, Manufacturing
Services.

    "Together, these board additions and executive changes bring a wider range
of perspectives, backgrounds and expertise into our decision-making process at
every level," said Richard E. Dauch, chairman, CEO & president.
    AAM is a world leader in the design, engineering and manufacture of
driveline systems, chassis systems and forged products for trucks, buses,
sport utility vehicles, and passenger cars.  It is headquartered in Detroit,
Michigan.  In addition to 12 locations in the United States (in Michigan, Ohio
and New York), AAM has offices and facilities in Japan (Tokyo); Great Britain
(Lancashire); Germany (Ulm); and Scotland (Glasgow) and it is currently
constructing a manufacturing facility and business office in Mexico
(Guanajuato).  It operates three wholly owned subsidiaries:  Scotland-based
driveline manufacturer Albion Automotive (Holdings) Ltd., Ohio-based
automotive forgings manufacturer Colfor Manufacturing, Inc., and Michigan-
based automotive forgings manufacturer MSP Industries.