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AAM Awarded Next Generation Ram Heavy Duty Axle and Driveshaft Program

Published: 2021-02-12 13:15:00 ET

DETROIT, Feb. 12, 2021 /PRNewswire/ -- American Axle & Manufacturing (AAM) has secured the next generation axle and driveshaft program for Ram's heavy duty pick-up trucks. As Ram's strategic driveline supplier through 2030, AAM expects current and future sales related to this program to exceed several billion dollars over the lifetime of this award.

"AAM is pleased to continue our long-term partnership with Ram as the supplier of axles and driveshafts for the 2500 and 3500 Heavy Duty pickup trucks. We look forward to providing our latest and most efficient driveline technologies as Ram's strategic supplier for the next-generation of this key vehicle program," said David C. Dauch, AAM's Chairman and Chief Executive Officer. "This vehicle program continues AAM's mission to support growth in advanced vehicle technologies."

About AAMAAM (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.

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 ContactDavid LimHead of Investor Relations(313) 758-2006david.lim@aam.com

Media Contact Christopher M. SonVice President, Marketing & Communications(313) 758-4814chris.son@aam.com

Or visit the AAM website at www.aam.com.

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SOURCE American Axle & Manufacturing Holdings, Inc.

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.