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American Axle & Manufacturing Declares Third Quarter 2008 Dividend

    DETROIT, Aug. 22 /PRNewswire-FirstCall/ -- American Axle &
Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE,
today announced a cash dividend of $0.02 per share payable on September 26,
2008 to stockholders of record on all of the Company's issued and
outstanding common stock as of September 5, 2008. The quarterly dividend
had been $0.15 per share since the second quarter of 2004.

    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 renee.rogers@aam.com Or visit the AAM website at http://www.aam.com
SOURCE American Axle & Manufacturing Holdings, Inc.




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    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 Holdings, Inc.