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American Axle & Manufacturing Holds its Annual Stockholders Meeting

4 May 2000

American Axle & Manufacturing Holds its Annual Stockholders Meeting

                Reports Record Results and Outlook for Growth

    DETROIT, May 4 American Axle & Manufacturing Holdings,
Inc. today held its annual stockholders meeting following the
completion of its first year as a publicly traded company.
    At the meeting, stockholders elected Forest J. Farmer, Sr.,
Richard C. Lappin and Thomas K. Walker to the American Axle & Manufacturing
Board of Directors with terms expiring in Year 2003 and John P. Reilly to the
Board of Directors with a term expiring in Year 2002.  The stockholders also
approved the appointment of Deloitte & Touche, LLP as the company's auditors.
    American Axle & Manufacturing Chairman, CEO & President Richard E. Dauch
provided an overview of the company's financial performance and the status of
the company's selectively global growth initiatives.  Dauch commented:  "We
have a motivated, well-educated, highly trained and flexible workforce with
proficient skill sets.  We have superior engineered and designed products
filling the needs of our customers and the marketplace, and we are rapidly
progressing to world-class manufacturing operations."
    The company is making significant progress on its strategies of
diversifying its customer base and expanding its product offerings.  With the
addition of future business awarded to AAM for model years 2000 through 2004,
revenues from General Motors Corporation will be at a 79 percent (pro forma)
level as compared to the 86% level for the full year 1999.  This is occurring
while growing the GM business.
    Sales for the year 1999 increased 45% from 1998 to $2.95 billion.
Operating income for 1999 improved to $242 million, or 8.2% of revenue, versus
$50 million, or 2.5%, for 1998.  Earnings per share were $2.34 on a diluted
basis for 1999 versus $.08 during 1998.  Sales increased 20% to $836 million
for the first quarter of 2000 and operating income improved 32% to
$76.5 million, or 9.2% of sales.  Earnings per share for the first quarter of
2000 increased 31% to 80 cents on a diluted