American Axle & Manufacturing Announces New Steering Linkage Business with Nissan
19 July 1999
American Axle & Manufacturing Announces New Steering Linkage Business with NissanDETROIT, July 19 -- American Axle & Manufacturing, Inc. has announced that it will begin production next month of steering linkages for a new customer, Nissan Motor Manufacturing Corporation, for its Frontier pick-up truck for the 2000 model year. The linkages will be manufactured at American Axle & Manufacturing's (AAM's) Buffalo Gear & Axle Plant in New York and shipped to Nissan's Smyrna, Tennessee assembly plant. Forged components for the linkages will be provided to AAM's Buffalo facility by AAM's nearby Tonawanda Forge Plant. Linkage volume will exceed 100,000 units annually. Details of the sales contract were not disclosed. David C. Dauch, vice president, Sales, Marketing & Capacity Planning, said AAM's advanced product, process and systems technology, along with its proven performance in delivery, quality, and cost competitiveness will add value to Nissan's product programs. "Knowing Nissan's reputation for innovation and excellence, we are proud to have been selected for this business," he said. "Winning this contract was a direct result of our sales, engineering and manufacturing teams' ability to provide an advanced low-mass/low-lash design combined with manufacturing excellence." "This new business is in line with AAM's objective of diversifying its customer base," added Executive Vice President & Chief Administrative Officer B. G. Mathis. "It demonstrates AAM's ability to meet the needs of global customers from our high-performance manufacturing facilities." Within the last 10 months, AAM has diversified its customer base significantly, through acquisitions as well as conquest business and the aggressive pursuit of contracts with new customers. It has also expanded globally -- from five manufacturing facilities, a Technical Center, and an Asia Pacific sales office just 10 months ago to 19 locations, including 16 manufacturing facilities, around the world today. AAM is a world leader in the manufacture, engineering and design of driveline systems, chassis systems and forged products for trucks, buses, sport utility vehicles, and passenger cars. In addition to 13 locations in the United States (in Michigan, Ohio and New York), AAM has offices and facilities in Mexico, Japan, England, Germany, and Scotland. 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 involve risks 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 prospectuses with the Securities and Exchange Commission.