Technology That Drives The Industry
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AXL:
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Price:
$7.39
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0.17 (-2.25%)
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Day High:
$7.47
Day Low:
$7.26
AXL:
Price:
$7.39
Day High:
$7.47
0.17 (-2.25%)
Day Low:
$7.26
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Investor News
4/25/2024
Milestone Moments: AAM Launches TracRite®
AAM was founded 30 years ago on commitments to Quality, Technology Leadership and Operational Excellence. Our emphasis on Technology Leadership means we are always seeking to engineer solutions that set new benchmarks for safety, performance and sustainability.
In 1996, AAM’s advanced engineering group developed a new product that would align with our dedication to Technology Leadership by increasing the POWER and efficiency of vehicles for many years to come: TracRite®, our traction-enhancing family of differentials.
The standard, or open differential, has long served as a fundamental vehicle component, facilitating smooth cornering by allowing the outer wheel to rotate slightly faster than the inner wheel. This design minimizes tire noise and ensures maneuverability as the vehicle turns. However, the limitations of this conventional setup become apparent when confronted with icy or slippery surfaces. In these conditions, one tire can easily succumb to the path of least resistance, resulting in wheel spin and a loss of traction.
TracRite addresses this challenge and has a diverse range of solutions aimed at preventing power from being disproportionately directed towards the path of least resistance. These innovative differentials include a multifaceted approach to bolstering traction in harsh conditions. From plate clutches to gear trains, lockers, electronic lockers, and electronic limited slips, the TracRite family offers an array of technologies designed to distribute torque effectively, curbing wheel spin and enhancing overall traction performance.
After over two years of development, testing and validation, #TeamAAM’s engineers launched the first products under the TracRite name: the TracRite GT Helical Gear Limited Slip Differentials in our 10.5” and 11.5” rear axles for the 2002 RAM Heavy Duty 2500 / 3500 pickup trucks. AAM’s electronic locking differentials (TracRite eL) also made their debut in the market, with the TracRite EL Open Differential that sports electronic locking in the front axle and a TracRite GTL Helical Gear Limited Slip Differential that holds electronic locking in the rear.
Since its launch, TracRite and other AAM differentials have generated over 90 families of patent applications. In the U.S. alone, AAM has received over 120 patents for this technology with several more applications in the pipeline. AAM has nationalized applications in 11 foreign countries, resulting in over 240 foreign patents and another 37 applications still pending.
Key figures in the early development of TracRite, and members of #TeamAAM who continue to Deliver POWER to this day, include Paul Valente, Director Product Engineering – Innovation; Jim Downs, Executive Director PE Innovation; Eric Rivett, Director Product Engineering – Gear Design and Development; Scott Jacob, Senior Manager Test/Validation and Joe Balenda, Senior Tech Manager Product Engineering – Differentials.
As the technology continues to evolve, TracRite finds application in a variety of vehicles across diverse markets, spanning across leading automakers like GM, Volkswagen, Stellantis, Ford and Mercedes. TracRite has become an integral component in enhancing vehicle performance across various terrains.
As we reflect on AAM's 30-year journey, TracRite stands as a testament to our commitment to innovation and Bringing the Future Faster. Learn more about TracRite here.
AAM Milestone Moments is a monthly series celebrating and reflecting on key achievements in AAM’s 30-year history. Ranging from watershed innovations and technological advances to foundational programs and community initiatives that are part of AAM’s DNA, these AAM Milestone Moments will each tell an important piece of the AAM story.
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4/19/2024
AAM to Announce First Quarter Financial Results on May 3
DETROIT, April 19, 2024 - American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss first quarter financial results and other related matters at 10:00 a.m. ET on Friday, May 3, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com.
To participate by phone, please dial:
(877) 883-0383 from the United States
(412) 902-6506 from outside the United States
Callers should reference access code 9770147.
To participate by live audio webcast or listen to the briefing following the call, visit investor.aam.com. A replay will be available one hour after the call is complete until May 10. To listen to the replay please dial:
(877) 344-7529 from the United States
(412) 317-0088 from outside the United States
When prompted, callers should enter replay access code 9444230. The audio replay will also be archived on AAM's website for one year.
About AAM:
As a leading global Tier 1 Automotive and Mobility Supplier, AAM designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit with over 80 facilities in 18 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow.
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For more information:
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Investor Contact David H. Lim
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Media Contact Christopher M. Son |
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- Experienced and proven management team
- Strong core business focused on high demand products, complimented by global profitable growth opportunities
- Flexible and variable cost structure with a proven track record of effectively adjusting our business to current market demand
- Superior profit margin and strong free cash flow yield driven by AAM's operating system and the benefit of vertical integration
- Highly innovative and scalable electrification propulsion technologies designed to accelerate growth and serve multiple regions, customers and vehicle segments
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On this website and elsewhere in attached materials, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as “will,” “may,” “could,” “would,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “project,” "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements.
Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and may differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to:
- reduced purchases of our products by General Motors Company (GM), FCA US LLC (FCA), or other customers;
- reduced demand for our customers' products (particularly light trucks and sport utility vehicles (SUVs) produced by GM and FCA);
- our ability to develop and produce new products that reflect market demand;
- lower-than-anticipated market acceptance of new or existing products;
- our ability to respond to changes in technology, increased competition or pricing pressures;
- our ability to attract new customers and programs for new products;
- our ability to consummate and integrate acquisitions and joint ventures;
- risks inherent in our international operations (including adverse changes in trade agreements, tariffs, immigration policies, political stability, taxes and other law changes, potential disruptions of production and supply, and currency rate fluctuations, including those resulting from the recent United States presidential election and the United Kingdom's vote to exit the European Union);
- negative or unexpected tax consequences;
- liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers;
- our ability to achieve the level of cost reductions required to sustain global cost competitiveness;
- supply shortages or price increases in raw materials, utilities or other operating supplies for us or our customers as a result of natural disasters or otherwise;
- our ability or our customers' and suppliers' ability to successfully launch new product programs on a timely basis;
- our ability to realize the expected revenues from our new and incremental business backlog;
- risks related to a failure of our information technology systems and networks, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber attack and other similar disruptions;
- global economic conditions;
- our ability to maintain satisfactory labor relations and avoid work stoppages;
- our suppliers', our customers' and their suppliers' ability to maintain satisfactory labor relations and avoid work stoppages;
- price volatility in, or reduced availability of, fuel;
- our ability to protect our intellectual property and successfully defend against assertions made against us;
- our ability to attract and retain key associates;
- availability of financing for working capital, capital expenditures, research and development (R&D) or other general corporate purposes including acquisitions, as well as our ability to comply with financial covenants;
- our customers' and suppliers' availability of financing for working capital, capital expenditures, R&D or other general corporate purposes;
- changes in liabilities arising from pension and other postretirement benefit obligations;
- risks of noncompliance with environmental laws and regulations or risks of environmental issues that could result in unforeseen costs at our facilities;
- adverse changes in laws, government regulations or market conditions affecting our products or our customers' products (such as the Corporate Average Fuel Economy (CAFE) regulations);
- our ability or our customers' and suppliers' ability to comply with the Dodd-Frank Act and other regulatory requirements and the potential costs of such compliance; and
- other unanticipated events and conditions that may hinder our ability to compete.
It is not possible to foresee or identify all such factors and we make no commitment to update any forward-looking statement or to disclose any facts, events or circumstances after the date hereof that may affect the accuracy of any forward-looking statement.