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Web Address of American Axle & Manufacturing: Related Topics: Supplier Groups
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. Companies : American Axle
American Axle & Manufacturing Announces SmartBar™ Application for the Jeep® Rubicon Jan. 9, 06 -- American Axle & Manufacturing Holdings, Inc. (AAM), announced that the 2007 Jeep® Wrangler Rubicon, will feature AAM's patented electronically- controlled SmartBar™ stabilizer system. AAM's SmartBar™ is a microprocessor controlled disconnecting stabilizer system that provides maximum suspension articulation during off-road and rock climbing situations. When in the connected mode, the SmartBar™ functions as a traditional stabilizer bar system to assist in controlling vehicle roll stability. It utilizes electronics and firmware control with connect and disconnect modes of the two stabilizer halves thereby making them truly independent of each other.AAM first produced the SmartBar™ for the 2005 Dodge Ram Power Wagon. American Axle & Manufacturing Holdings, Inc .Updates earnings and cash flow guidance for 2005 and provides initial outlook for 2006 earnings and cash flow Jan. 12, 06 American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that its backlog of new and incremental business launching from 2006 through 2012 is estimated at $1.4 billion in future annual sales. AAM's new business backlog reflects its successful efforts to expand its product portfolio to target growth segments of the global driveline and drivetrain market, while diversifying its customer base. In addition to General Motors and the Chrysler Group, AAM's expanded customer base now includes Nissan, Audi, Ssangyong, Hino, Jatco, Koyo and Harley Davidson. Included in AAM's new business backlog are seven driveline system awards for passenger car and crossover vehicle programs being developed by three global OEMs. Two of these awards support global rear-wheel drive passenger car programs and five are for global crossover vehicle programs. AAM's newest rear-wheel drive and all-wheel drive technologies will be featured on these seven programs. Once they are fully launched, AAM expects to generate sales in excess of $600 million from these programs. In addition to the seven passenger car and crossover vehicle awards, AAM's new business backlog also represents the incremental expansion of its existing light truck and SUV product lines to support new programs and derivative models. American Axle & Manufacturing Reports Fourth Quarter and Full Year 2004 Financial Results Net operating cash flow of $143.7 million in the fourth quarter American Axle & Manufacturing Announces Executive Appointments DETROIT, Oct. 11, 2004 American Axle & Manufacturing Updates Earnings Outlook for First Quarter of 2005 DETROIT, March 9, 2005- American Axle & Manufacturing Holdings, Inc. (AAM)updated its earnings outlook for the first quarter of 2005. AAM earlier provided earnings guidance for the first quarter of 2005 based on the assumption that its customers' production volumes for the major North American light truck programs it currently supports would be 13% - 14% lower as compared to the first quarter of 2004. Due to the impact of additional production cuts taken by its customers, AAM now estimates that such production volumes will be down 18% - 20% in the quarter, as compared to the prior year. Based on this revised production outlook, AAM now expects its earnings in the first quarter of 2005 to range from $0.25 to $0.30 per share. American Axle & Manufacturing Dedicates its New World Headquarters DETROIT, July 23, 2004 - American Axle & Manufacturing (AAM) dedicated its new world headquarters in Detroit, Michigan today, in a ceremony that included the Mayor of the City of Detroit, the Honorable Kwame Kilpatrick, and Detroit City Council President Maryann Mahaffey. The Honorable Jennifer Granholm, Governor of the State of Michigan delivered a videotaped message. "When this company was formed in 1994, it was a priority for us that we locate our headquarters in the city of Detroit, the motor capital of the world. The new AAM world headquarters tops off more than 10 years of improvements and contributions that we have made in the community," said AAM Co-Founder, Chairman & CEO Richard E. Dauch. "It is a true capstone for our corporation. Now, we have all our functional capabilities under one roof, for the first time in AAM's history." Constructed at a cost of more than $40 million, the new 250,000 square- foot AAM world headquarters building is home to the corporate offices and 628 AAM associates and executives from engineering, finance, human resources, legal, procurement, sales, marketing and manufacturing. The seven-story building was completed in 24 months, utilizing more than 500,000 man-hours of labor. It features a two-level parking structure, 30 conference rooms, an auditorium with capacity for more than 300 people, and a cafe with a seating capacity for more than 225 people. Associates began moving in July 2003 with final occupancy completed in December 2003. American Axle & Manufacturing Announces Executive Appointments DETROIT, Oct. 11, 2004 - American Axle & Manufacturing, Inc. (AAM), today announced the following executive assignments and appointments:
American Axle & Manufacturing Continues Strong Financial Performance for the Fourth Quarter and Full Year 2003 Non-GM Sales Growth of 35% for Full Year 2003 DETROIT, Feb. 4, 2004 - American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the fourth quarter and full year 2003. Full Year Highlights:
AAM reported fourth quarter earnings per share of 96 cents compared to the reported 99 cents per share in the fourth quarter of 2002. Earnings for the full year 2003 were a record $197.1 million, an increase in earnings of nearly 12% as compared to the $176.1 million reported for 2002. Full year 2003 diluted earnings per share were $3.70, an increase of 9% when compared to the reported $3.38 per share in 2002. Fourth quarter and full year 2002 results included a $5.5 million non-recurring gain or 10 cents per share, net of tax and other related costs, due to insurance proceeds from a fire at AAM's forge operations in Detroit. American Axle & Manufacturing Announces Record Sales and Earnings For the Fourth Quarter and Full Year 2002 DETROIT, Jan. 23, 2003 - American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the fourth quarter and full year 2002. Full Year Highlights: *
AAM reported record fourth quarter earnings per share of 99 cents, an increase of 60% as compared to 62 cents per share in the fourth quarter of 2001. Excluding a $5.5 million gain, net of tax and other related costs, due to insurance proceeds from a fire at AAM's forge operations in Detroit, fourth quarter earnings per share were 89 cents, an increase of 44% versus the same period in 2001. Earnings for the full year 2002 were a record $176.1 million, an increase in earnings of over 53% as compared to the $114.9 million reported for 2001. Excluding the forge fire gain, full year 2002 earnings per share were $3.28 on a diluted basis, an increase of 39% as compared to full year 2001. American Axle & Manufacturing Announces Record Full Year 2000 Sales, Net Income and EPS Fourth Quarter EPS Beats Consensus Estimates DETROIT, Jan. 31, 2001 - American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) today reported full year 2000 record earnings of $129.2 million or $2.60 per share on a diluted basis. This reflects an increase of over 11% as compared to the $115.6 million or $2.34 per share reported for the prior year. Sales grew 4% for the year and approximated $3.1 billion, as compared to $3.0 billion in 1999. This increase was due to strong demand for AAM's newer technology products related to GM's new full-size truck and SUV programs. Products introduced to the market within the last two and a half years accounted for 47% of the company's total year 2000 sales. Gross profit increased 10% in the year 2000 to $426.2 million, or 13.9% of sales, as compared to $388.8 million, or 13.2% of sales for the year 1999. Operating income grew 9% to $259.4 million, or 8.5% of sales in 2000 versus $237.8 million, or 8.1% of sales in 1999. These increases are primarily due to increased sales of higher value-added technology products, productivity improvements and the successful start-ups of production in the new Guanajuato, Mexico and Cheektowaga, New York manufacturing facilities.
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AAM is a world leader in the manufacture, engineering, design and
validation of driveline systems and related components and modules,
chassis systems and forged products for light trucks, sport utility
vehicles and passenger cars. In addition to its 14 locations in the United
States (in Michigan, New York and Ohio), AAM also has offices and
facilities in Brazil, England, Germany, Japan, Mexico and Scotland.