DETROIT, Feb. 11, 2022 /PRNewswire/ -- American Axle
& Manufacturing (AAM), (NYSE: AXL) announced it has secured
multiple next-generation full-size truck front and rear axle
programs with global OEM customers (including a previously
announced award in early 2021). These awards are expected to
generate more than $10 billion of
lifetime revenues from mid-decade to beyond 2030.
"We continue to secure AAM's traditional core axle business by
winning multiple next-generation light vehicle programs," said
David C. Dauch, AAM Chairman and
Chief Executive Officer. "We look forward to providing our latest
and most efficient driveline systems as a strategic supplier to
these vehicle programs. These wins will continue to support and
fund our pivot to electrification."
Forward-Looking Statements
This release contains forward-looking statements and other
information relating to matters that are not historical facts.
These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by these statements. These risks
and uncertainties include uncertainty around the duration and
effects of the COVID-19 pandemic, and the factors detailed from
time to time in the reports we file with the SEC, including those
described under "Risk Factors" in our Annual Report on Form 10-K
and our Quarterly Reports on Form 10-Q. These forward-looking
statements speak only as of the date of this report. We expressly
disclaim any obligation or undertaking to disseminate any updates
or revisions to any forward-looking statement contained herein to
reflect any change in our expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statement is based.
For more
information:
|
|
Investor Contact
|
Media
Contact
|
David H. Lim
|
Christopher M.
Son
|
Head of Investor
Relations
|
Vice President,
Marketing & Communications
|
(313)
758-2006
|
(313)
758-4814
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david.lim@aam.com
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chris.son@aam.com
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SOURCE American Axle & Manufacturing Holdings, Inc.