AAM says, as a result of the unexpected disruption in light vehicle production and economic uncertainty due to the impact of the Covid-19 pandemic, it is withdrawing its 2020 financial outlook.
“During this unprecedented time for AAM, the automotive industry and the world, our focus continues to be the health and well-being of our associates, their families and our communities,” said AAM chairman and CEO, David Dauch.
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“In addition, we have implemented significant measures to adjust our operations to our customers’ revised production schedules, which include flexing our variable cost structure and intensely managing our controllable expenses.”
