DETROIT, May 22, 2022
/PRNewswire/ -- AAM is aware of the media activity regarding the
company that began on Friday, May 20. While our long-standing
policy is to not publicly comment on market rumors and media
speculation, we feel it is important to clarify that we are not
engaged in a process to sell the company. We are currently
focused on executing our stand-alone strategy. In the
ordinary course, we continuously monitor market conditions and
assess industry developments and we regularly consider strategic
opportunities that serve the best interests of the company
(including our customers and associates) and its
shareholders.
About AAM
As a leading global Tier 1 Automotive and Mobility Supplier, AAM
(NYSE: AXL) designs, engineers and manufactures Driveline and Metal
Forming technologies to support electric, hybrid and internal
combustion vehicles. Headquartered in Detroit with nearly 80 facilities in 17
countries, AAM is bringing the future faster for a safer and more
sustainable tomorrow. To learn more, visit aam.com.
Forward Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied by these statements.
These risks and uncertainties include factors detailed in the
reports we file with the SEC, including those described under "Risk
Factors" in our most recent Annual Report on Form 10-K and our
Quarterly Reports on Form 10-Q. These forward-looking statements
speak only as of the date of this communication. We expressly
disclaim any obligation or undertaking to disseminate any updates
or revisions to any forward-looking statement contained herein to
reflect any change in our expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statement is based.
For more information:
Investor Contact
David H.
Lim
Head of Investor
Relations
(313)
758-2006
david.lim@aam.com
Media Contact
Christopher M. Son
Vice President, Marketing & Communications
(313) 758-4814
chris.son@aam.com
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SOURCE American Axle & Manufacturing Holdings, Inc.