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American Axle & Manufacturing Holdings Inc.

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American Axle & Manufacturing Holdings Inc. - Automotive showcase

Year Founded & Workforce

1994

19,000 Employees

Industry

AutomotiveB2BB2C

Services

Truck axle
A

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American Axle & Manufacturing Holdings Inc. Overview

Company Headquarters: Michigan, US

Founded: 1994

Workforce: ~ 19,000

Company Working: American Axle & Manufacturing, Inc. (AAM) is a manufacturer and supplier of automotive driveline and metal forming products. Axles, driveshafts, power transfer units, transfer cases, constant velocity joints, PTU shafts and gears, wheel hubs, and spindles are among its main products. Lightweight beam axles, lightweight and efficient RWD and AWD drive modules, hybrid and electric drive systems, traction-enhanced differentials, torque vectoring rear drive module, disconnecting all-wheel drive system, and winter and hot test facilities are also available from the company. Products from the company are used in light trucks, sport utility vehicles, passenger cars, crossover and commercial vehicles. General Motors Company, FCA US LLC, Ford, Mercedes-AMG, and OEM customers are among its major customers.

Strategy

American Axle & Manufacturing, Inc. focuses on expanding its presence globally through merger and partnerships with key players in the market. Furthermore, it plans to strengthen its product portfolio and increase its customer base by investing in research and development. The company is planning to improve its investment in truck axle products to gain market share.

Company Snapshot

$6,530.9M

Revenue

19,000

Employees

1994

Founded

Michigan, US

Headquarters

SWOT Analysis

Strengths

  • Strong dealer community
  • Highly skilled workforce through successful training and learning programs
  • Worldwide operations and strong skilled workforce
  • Robust R&D capabilities
  • Strategic collaboration
  • Extensive industry experience

Weaknesses

  • Limited success outside core business
  • High attrition rate in the work force
  • High dependency on domestic market

Opportunities

  • Decreasing cost of transportation because of lower shipping prices
  • Government green drive also opens an opportunity for procurement of American Axle & Manufacturing products by the state as well as federal government contractors
  • New technology provides an opportunity
  • Strategic acquisition of key players

Threats

  • Liability laws in different countries are different and American Axle & Manufacturing may be exposed to various liability claims given changes in policies in those markets
  • Shortage of skilled workforce in the certain global markets represents a threat to steady growth of profits for American Axle & Manufacturing in those markets
  • Fluctuating foreign currency exchange rates

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Key Developments

DateApproachDevelopment
February 2023Product DevelopmentAmerican Axle & Manufacturing Holdings, Inc. announced agreements with NIO and Mercedes to develop high-performance hybrid-electric systems and electric vehicle components with large players. This P3 system layout, with the electric motor on the rear axle, optimizes the weight distribution and increases the total output torque compared to a transmission-mounted electric motor (P2 hybrid).
November 2021Product DevelopmentAAM has been nominated by REE to provide the next-generation 3-in-1 electric drive technology. Highly integrated 3-in-1 propulsion systems are designed to provide the highest torque and power density levels.
November 2022–American Axle & Manufacturing (AAM) has announced it has been selected as the new axle supplier for GM's next generation mid-size pickup trucks. The new vehicles will debut for model year 2023.

Product Offering

  • American Axle & Manufacturing Holdings Inc.
    • Truck axle

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 6,530.9 Mn in 2020 to USD 5,156.6 Mn in 2022.
American Axle & Manufacturing Holdings Inc. — By Business Segment
Series (USD Mn)202020212022
Sales6,530.94,710.85,156.6

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