DETROIT, April 11 /PRNewswire-FirstCall/ -- American Axle &
Manufacturing (AAM), which is traded as AXL on the NYSE, announced today
that it has reached agreements with the unions representing its associates
in England, Mexico and Scotland.
"All of AAM's hourly associates at AAM de Mexico and our wholly-owned
subsidiary Albion Automotive in the United Kingdom have union
representation," said AAM Co-Founder, Chairman & CEO Richard E. Dauch. "The
recently signed agreements in Mexico and the United Kingdom achieved a
market competitive labor cost structure in those regions where the
facilities are located. This was all done quietly, professionally,
responsibly and effectively with no production disruption."
AAM is a world leader in the manufacture, engineering, design and
validation of driveline and drivetrain systems and related components and
modules, chassis systems and metal-formed products for trucks, sport
utility vehicles, passenger cars and crossover utility vehicles. In
addition to locations in the United States (Michigan, New York, Ohio and
Indiana), AAM also has offices or facilities in Brazil, China, Germany,
India, Japan, Luxembourg, Mexico, Poland, South Korea, Thailand and the
United Kingdom.
Certain statements contained in this press release which are not
historical facts contain forward-looking information with respect to the
Company's plans, projections or future performance, the occurrence of which
involves risk and uncertainties that could cause the Company's actual
results or plans to differ materially from those expected by the Company
which include risk factors described in the Company's filings with the
Securities and Exchange Commission.
For more information ...
Renee B. Rogers Jamie M. Little
Manager, Corporate Communications and Director, Investor Relations
Media Relations (313) 758-4831
(313) 758-4882 jamie.little@aam.com
Or visit the AAM website at http://www.aam.com
SOURCE American Axle & Manufacturing
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Related links:
http://www.aam.com
http://www.prnewswire.com/comp/033813.html/
CONTACT:
Renee B. Rogers, Manager, Corporate
Communications and Media Relations, +1-313-758-4882,
renee.rogers@aam.com, or Jamie M. Little, Director, Investor
Relations, +1-313-758-4831, jamie.little@aam.com, both of
American Axle & Manufacturing
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