American Axle & Manufacturing announces new business with Chery Automobile Co., Ltd.
May 17 2007 - 3:00AM
PR Newswire (US)
CHANGSHU, China, May 17 /PRNewswire-FirstCall/ -- During the Grand
Opening of its Changshu (China) Manufacturing Facility, American
Axle & Manufacturing, Inc., (AAM) which is traded as AXL on the
NYSE, today announced it has been awarded a new contract by Chery
Automobile Co., Ltd. to produce rear drive modules (RDM) for a 2009
model-year crossover vehicle. The RDM was developed for a
front-wheel-drive based crossover vehicle with an all-wheel-drive
option. It includes an AAM PowerLite(R) aluminum rear axle,
featuring AAM's PowerDense(R) gear technology. The RDM offers
greater torque capacity than similar-sized competitor products,
which allows for weight, packaging, and durability improvements
that maximize performance and improve fuel economy. "We are
extremely pleased to announce this new business with a new Asian
customer, Chery," said AAM Co-Founder, Chairman & CEO Richard
E. Dauch. "Chery is one of the leading vehicle producers in China
and we are honored to have been chosen to be a part of its venture
into the crossover vehicle arena. "The market shift towards
all-wheel drive passenger cars and crossover vehicles plays right
to AAM's strength in developing highly engineered, advanced
technology driveline products and systems for the global
marketplace." AAM is a world leader in the manufacture,
engineering, design and validation of driveline and drivetrain
systems and related components and modules, chassis systems and
metal-formed products for light trucks, sport utility vehicles and
passenger cars. In addition to locations in the United States (in
Michigan, New York and Ohio), AAM also has offices or facilities in
Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland,
South Korea and the United Kingdom. Certain statements contained in
this press release which are not historical facts contain
forward-looking information with respect to the Company's plans,
projections or future performance, the occurrence of which involves
risk and uncertainties that could cause the company's actual
results or plans to differ materially from those expected by the
company which include risk factors described in the Company's
filings with the Securities and Exchange Commission. For more
information... Renee B. Rogers Christopher M. Son Manager,
Corporate Communications Director, Investor Relations & Media
Relations (313) 758-4814 (313) 758-4880 Or visit the AAM website at
http://www.aam.com/ DATASOURCE: American Axle & Manufacturing
Holdings, Inc. CONTACT: Renee B. Rogers, Manager, Corporate
Communications & Media Relations, +1-313-758-4880, , or
Christopher M. Son, Director, Investor Relations, +1-313-758-4814,
Web site: http://www.aam.com/ Company News On-Call:
http://www.prnewswire.com/comp/033813.html
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