American Axle & Manufacturing Holdings Inc
(NYSE: AXL)
18.37
-0.26
-1.40%
-0.26
-1.40%
MORE ON AXL
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | American Axle & Mfg Holdings, Inc. |
| Industry: | Auto Parts |
| Employees: | 9,200 |
DESCRIPTION
| American Axle & Mfg Holdings, Inc. is a Delaware corporation, is a successor to American Axle & Manufacturing of Michigan, Inc., a Michigan corporation, with respect to a migratory merger between these entities in 1999. The Company and its subsidiaries is a Tier I supplier to the automotive industry. The Company manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. The Company's driveline, drivetrain and related products include axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driveheads, crankshafts, transmission parts and metal-formed products. AAM is the main supplier of driveline components to General Motors Corporation for its rear-wheel drive light trucks and SUVs manufactured in North America, supplying all of GM’s rear axle and front four-wheel drive and all-wheel drive axle requirements for these vehicle platforms. The Company is the sole-source supplier to GM for certain axles and other driveline products for the life of each GM vehicle program covered by a Lifetime Program Contract. All of its sales to GM are made pursuant to the LPCs. The LPCs have terms equal to the lives of the relevant vehicle programs or their respective derivatives, which typically run 5 to 7 years, and require the Company to remain competitive with respect to technology, design and quality. The Company is also a main supplier of driveline system products for Chrysler’s heavy-duty Dodge Ram full-size pickup trucks and its derivatives. In addition to GM and Chrysler, the Company supplies driveline systems and other related components to PACCAR Inc., Volkswagen, Harley-Davidson, Deere & Company, Tata Motors, Mack Truck, Ford Motor Company and other OEMs and Tier I supplier companies such as Hino Motors Ltd. and Jatco Ltd. The Company’s main competitors are Dana Holding Corporation, Magna International Inc., ZF Friedrichshafen AG and the in-house operations of Chrysler and Ford. The Company's operations are subject to various federal, state, local and foreign laws and regulations governing, among other things, emissions to air, discharge to waters and the generation, handling, storage, transportation, treatment and disposal of waste and other materials. |
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