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.

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.