DETROIT, Sept. 20,
2022 /PRNewswire/ -- American Axle &
Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) was honored with
three Automotive News PACE awards, the automotive industry's most
prestigious award regarding innovation. AAM was named a winner of
a PACE Award, a PACE Innovation Partnership Award and a
PACEpilot Innovation to Watch all for the company's electric drive
innovations. The awards were announced on Sept. 19.
"We are once again honored and grateful to be named an
Automotive News PACE, PACE Innovation Partnership Award and
PACEpilot Innovation to Watch winner for our electrification
technologies," said David C. Dauch,
AAM Chairman and Chief Executive Officer. "Our products continue to
lead the industry in power density, compact packaging, value and
innovation and this recognition further supports our work to help
our global customers transition to an electric future."
The PACE award recognizes automotive suppliers for superior
innovation, technological advancement, and business performance.
AAM was honored for its P3 2-speed Electric Drive Technology
featured on the Mercedes-AMG GT 63 S E PERFORMANCE.
AAM's P3 2-speed Electric Drive Technology is the first
volume production application of a P3, 2-speed architecture in a
drive axle. The unit also incorporates an electronic limited slip
differential (eLSD), another industry first for an electric drive
unit. (A P3 hybrid architecture adds an electric machine between
the output of the transmission and the wheels. For this
application, the electric machine was placed within the axle.)
The 28th annual PACE Awards were presented by Automotive
News. The competition was open to suppliers that contribute
products, processes, materials, or services directly to the
manufacture of cars or trucks. The Automotive News PACE Award is
accepted around the world as the industry benchmark for
PACE Innovation Partnership Award
AAM and Mercedes-AMG were recognized for their high levels of
collaboration that rise above everyday joint efforts with a PACE
Innovation Partnership Award for work on the P3 2-speed Electric
Drive Technology featured on the Mercedes-AMG GT 63 S E
The PACE Innovation Partnership Award recognizes OEMs and
suppliers who have made a strategic difference in getting supplier
innovations successfully to market based upon supplier
applications, site visit diligence and a review of the entire PACE
Finalist field. The awards are determined by a full independent
panel of judges.
PACEpilot Innovation to Watch
AAM was also named a 2022 Automotive News PACEpilot Innovation
to Watch for its P4 Integrated 3-In-1 Wheel-End Electric
Drive Unit (EDU) which includes a motor, gearbox and inverter
in one single compact and lightweight package. The EDU can be used
in wheel end, eBeam and other applications for cars, light trucks,
last mile delivery and heavy-duty truck platforms. Motor power
levels range from 100-350kw and allow for 2-wheel or 4-wheel drive.
AAM's technology will be used by REE Automotive Ltd. in it's
The 3rd annual PACEpilot program was presented by Automotive
News. The competition was open to suppliers and startups that
invented products, software/IT systems or processes and idea
incubators that have the capacity to transform the automotive
industry. The Automotive News PACEpilot program is leading the way
in distinguishing global emerging innovators.
This recognition further demonstrates AAM's electrification
leadership, which was previously recognized in 2020 with two PACE
Awards for the company's electric drive innovation on the Jaguar
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 85 facilities in 18
countries, AAM is bringing the future faster for a safer and more
sustainable tomorrow. To learn more, visit aam.com.
For more information:
Christopher M. Son
Vice President, Marketing & Communications
David H. Lim
Head of Investor Relations
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SOURCE American Axle & Manufacturing Holdings, Inc.