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AAM Secures More Than $10 Billion in Contracts
American Axle & Manufacturing (AAM) secured multiple next-generation full-size truck front and rear axle programs with global OEM customers. These contracts, including a previously announced award in early 2021, are expected to generate more than $10 billion of lifetime revenues from mid-decade to beyond 2030.
"We continue to secure AAM's traditional core axle business by winning multiple next-generation light vehicle programs," said David C. Dauch, AAM chairman and CEO. "We look forward to providing our latest and most efficient driveline systems as a strategic supplier to these vehicle programs. These wins will continue to support and fund our pivot to electrification."
KEYWORDS: automotive forgings