CHANGSHU, China, May 17 /PRNewswire-FirstCall/ -- During the Grand
Opening of its Changshu (China) Manufacturing Facility, American Axle &
Manufacturing, Inc., (AAM) which is traded as AXL on the NYSE, today
announced it has been awarded a new contract by Chery Automobile Co., Ltd.
to produce rear drive modules (RDM) for a 2009 model-year crossover
vehicle.
The RDM was developed for a front-wheel-drive based crossover vehicle
with an all-wheel-drive option. It includes an AAM PowerLite(R) aluminum
rear axle, featuring AAM's PowerDense(R) gear technology. The RDM offers
greater torque capacity than similar-sized competitor products, which
allows for weight, packaging, and durability improvements that maximize
performance and improve fuel economy.
"We are extremely pleased to announce this new business with a new
Asian customer, Chery," said AAM Co-Founder, Chairman & CEO Richard E.
Dauch. "Chery is one of the leading vehicle producers in China and we are
honored to have been chosen to be a part of its venture into the crossover
vehicle arena.
"The market shift towards all-wheel drive passenger cars and crossover
vehicles plays right to AAM's strength in developing highly engineered,
advanced technology driveline products and systems for the global
marketplace."
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 light trucks, sport
utility vehicles and passenger cars. In addition to locations in the United
States (in Michigan, New York and Ohio), AAM also has offices or facilities
in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, South
Korea 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 Christopher M. Son
Manager, Corporate Communications Director, Investor Relations
& Media Relations (313) 758-4814
(313) 758-4880 chris.son@aam.com
renee.rogers@aam.com
Or visit the AAM website at http://www.aam.com
SOURCE American Axle & Manufacturing Holdings, Inc.
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Related links:
http://www.aam.com/
http://www.prnewswire.com/comp/033813.html /
CONTACT:
Renee B. Rogers, Manager, Corporate
Communications & Media Relations, +1-313-758-4880,
renee.rogers@aam.com, or Christopher M. Son, Director, Investor
Relations, +1-313-758-4814, chris.son@aam.com
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