American Axle & Manufacturing To Supply Ford Axles, Driveshafts

Autoparts Report, April 25, 2000

American Axle & Manufacturing Holdings Inc. has been selected as the supplier of rear axles and driveshafts for an unidentified future Ford Motor Co. vehicle.

This is American Axle & Manufacturing's first contract to produce axles for Ford, although the company produces other parts for the automaker.

"With this new program and other recently acquired new business, AAM will further reduce its concentration of business with our largest customer, General Motors Corp., to 79 percent," said Richard E. Dauch, American Axle & Manufacturing chair-man, chief executive officer, and president. "For the full year 1999, the GM percentage of our sales was 86 percent," he added.

Detroit-based American Axle & Manufacturing manufactures driveline systems, chassis systems, and forged products for trucks, buses, sport utility vehicles, and passenger cars.