American Axle & Manufacturing (AAM) (NYSE: AXL – news) has announced that it has secured the contract to supply driveline systems for a new, next-generation four-wheel-drive vehicle of a major North American auto manufacturer. The contract is the company’s first major contract to supply driveline systems for this vehicle.
AAM will provide front and rear axle assemblies and propshafts for the new vehicle. The driveline system will incorporate unique AAM technologies that provide enhanced traction, stability and handling. No more details are available at this time, per the customer’s request.
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“We look forward to introducing new product, process and systems technology in meeting the world-class standards required by this new vehicle program,” said Joel D. Robinson, executive vice president & chief operating officer.
AAM is a world leader in the manufacture, engineering, validation and design of driveline systems, chassis systems and forged products for trucks, buses, sport utility vehicles and passenger cars. In addition to its 14 locations in the United States (in Michigan, New York and Ohio), AAM also has offices and facilities in Brazil, England, Germany, Japan, Mexico and Scotland. American Axle & Manufacturing Holdings, Inc. is traded on the NYSE under the symbol AXL.
