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MarketScreener Homepage  >  Equities  >  Nyse  >  American Axle & Manufacturing Holdings, Inc.    AXL

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.

(AXL)
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American Axle & Manufacturing : AAM Supplies New Independent Rear Drive Axles for GM Full Size SUVs

08/26/2020 | 11:36am EST

DETROIT- With a focus on efficiency and passenger comfort, American Axle & Manufacturing has developed a new Independent Rear Drive Axle (IRDA) for GM's full-size SUVs including the 2021 Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, GMC Yukon Denali and Cadillac Escalade.

AAM and GM worked together to replace the prior generation rear beam axle with a newly designed 3-mount independent rear drive axle module. The new design features a light-weight aluminum carrier housing and a low-offset hypoid gearset to provide improved efficiency and industry leading noise, vibration and harshness performance.

'AAM and GM partnered to develop a new axle that is incredibly efficient and increases passenger comfort while still maintaining vehicle performance,' said David C. Dauch, AAM Chairman and Chief Executive Officer. 'Developed and tested at our Advanced Technology and Development Center in Detroit, this system provides top-notch performance coupled with unparalleled durability.'

Offered in a 9.5-inch or 9.76-inch, the IRDA comes standard with a mechanical limited slip differential, providing enhanced traction and trailering performance up to 8,400 pounds.

AAM also supplies front and rear axles for GM's full size, light-duty and heavy-duty pickup trucks. The company was recently named a GM Supplier of the Year for the fourth consecutive year.

About AAM

AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global Tier 1 automotive supplier, AAM designs, engineers and manufactures driveline and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 20,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit aam.com.

For more information:

MEDIA

Christopher Son

Vice President, Marketing & Corporate Communications

+1 (313) 758-4814

CorporateCommunications@aam.com

INVESTOR RELATIONS

Jason Parsons

Director, Investor Relations

+1 (313) 758-2404

InvestorRelations@aam.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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More news
Financials (USD)
Sales 2020 4 618 M - -
Net income 2020 -565 M - -
Net Debt 2020 2 955 M - -
P/E ratio 2020 -1,54x
Yield 2020 -
Capitalization 870 M 870 M -
EV / Sales 2020 0,83x
EV / Sales 2021 0,66x
Nbr of Employees 20 000
Free-Float 91,7%
Chart AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
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Technical analysis trends AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 9,56 $
Last Close Price 7,68 $
Spread / Highest target 56,3%
Spread / Average Target 24,4%
Spread / Lowest Target 4,17%
EPS Revisions
Managers
NameTitle
David C. Dauch Chairman & Chief Executive Officer
Michael K. Simonte President
Christopher John May Chief Financial Officer & Vice President
Elizabeth Anne Chappell Independent Director
William P. Miller Independent Director
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