American Axle & Manufacturing Holdings (AAM) said on Tuesday that it has been awarded contracts valued at nearly $US30 million annually to provide an average of seven million driveline system and transmission components annually for five customers including two new companies.

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The products, which will be manufactured at five different AAM facilities, include cold and warm-formed near-net gears and shafts; hot-formed wheel spindles; warm-formed turbine hubs and sleeves for torque converters; wheel hubs and stabiliser bars.

AAM manufacturing processes for these components include the latest near net-shaped forging technologies which offer a competitive advantage by improving material yield and streamlining subsequent machining operations.

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