American Axle & Manufacturing Announces New Forging Business for Koyo

30 September 1999
American Axle & Manufacturing Announces New Forging Business for Koyo
    DETROIT, Sept. 29 -- American Axle & Manufacturing Holdings,
Inc. announced that it has launched three forged products for Koyo
Corporation of U.S.A., a Japanese bearing manufacturer.  The parts include two
rotating wheel hubs and a wheel spindle.
    The products are being produced by American Axle & Manufacturing's (AAM's)
forging facility in Tonawanda, New York, and shipped to Koyo's wheel bearing
facilities in Orangeberg and Blythewood, South Carolina.  One of the hubs is
used on the BMW Z3 Roadster.  The other hub is used on the Nissan Quest and
Mercury Villager van.  The spindle is used on the Ford Lincoln LS and exported
to England for the current model Jaguar.
    Annual volumes for each of the three products range from approximately
200,000 to 400,000.  Other details of the program were not disclosed.
    This is AAM's first contract with Koyo.
    "This new long-term forging business will help AAM diversify its customer
base," said AAM Sales, Marketing & Capacity Planning Vice President David C.
Dauch.  "With products going to Europe and Asia, in addition to the United
States, the business will also help AAM expand its geographic reach."
    "The Koyo business will allow AAM to further demonstrate to a global
marketplace the value of its advanced technologies in the design, development,
and delivery of world-class-quality forged products," said Ron Allman, general
manager, AAM Forging Division.
    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 its 13 locations
in the United States (in Michigan, New York and Ohio), AAM also has offices
and facilities in Mexico, England, Scotland, Japan, and Germany.
    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 filings with the Securities and
Exchange Commission.