Webcast and teleconference to discuss contract scheduled for 10:00 a.m. ET
Wednesday, May 28, 2008.
DETROIT, May 23 /PRNewswire-FirstCall/ -- American Axle & Manufacturing
Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced
that the tentative agreements with the International UAW reached on May 16,
2008, covering approximately 3,650 AAM associates at five facilities in
Michigan and New York, have been ratified.
"AAM is pleased to announce the ratification of a new collective
bargaining agreement with the International UAW," said AAM Co-Founder,
Chairman & CEO Richard E. Dauch. "This new contract provides AAM and its
UAW-represented workforce the opportunity to transition through a most
difficult period of structural change in the domestic automotive industry.
We look forward to the prompt resumption of normal manufacturing operations
at our original U.S. locations."
AAM expects to have its plants running production during the week of
May 26, 2008.
AAM will hold a briefing with institutional investors and security
analysts, news media representatives and other interested parties at 10:00
a.m. ET on Wednesday, May 28, 2008. AAM's Co-Founder, Chairman & CEO
Richard E. Dauch and Group Vice President-Finance & CFO Michael K. Simonte
will co-host the call. This briefing may be accessed via conference call or
webcast.
To participate by phone, please dial:
(877) 278-1452 from the United States
(706) 643-3736 from outside the United States
Callers should ask to be connected to the American Axle & Manufacturing
-- UAW contract ratification.
AAM will broadcast the briefing for the general public via a live audio
webcast that may be accessed through AAM's investor web site at
http://investor.aam.com .
A replay will be available from Noon ET on May 28, 2008 until 11:00
a.m. ET June 4, 2008. To listen to the replay please dial:
(800) 642-1687 from the United States
(706) 645-9291 from outside the United States
When prompted, callers should enter conference reservation number #
48672365.
The briefing audio will also be archived in the investor's section of
the AAM website for one year.
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 are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995, including statements about the potential impact of the new
labor agreements with the International UAW for AAM's original U.S.
locations, which are inherently uncertain and should be viewed with
caution. Actual results and experience may differ materially due to many
factors and risks that are discussed in our most recent annual report on
Form 10-K and quarterly reports on Form 10-Q. It is not possible to foresee
or identify all such factors and we assume no obligation to update any
forward-looking statements or to disclose any subsequent facts, events or
circumstances that may affect their accuracy.
For more information...
Renee B. Rogers Jamie M. Little
Manager, Corporate Communications Director, Investor Relations
& Media Relations (313) 758-4831
(313) 758-4882 jamie.little@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://investor.aam.com
http://www.prnewswire.com/comp/033813.html /
CONTACT:
Renee B. Rogers, Manager, Corporate
Communications & 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 Holdings, Inc.
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