AAM statement on sale of business

DETROIT, May 22, 2022 /PRNewswire/ — AAM is aware of media activity regarding the company that began Friday, May 20. While our long-standing policy has been not to 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 business. We are currently focused on executing our standalone strategy. In the normal course, we continuously monitor market conditions and assess industry developments and regularly review strategic opportunities that best serve the interests of the company (including our customers and associates) and its shareholders.

About the AAM

As a leading global automotive and mobility supplier, AAM (NYSE: AXL) designs, engineers and manufactures drivetrain and metal forming technologies to support electric, hybrid and internal combustion. Based at Detroit with nearly 80 installations in 17 countries, AAM is accelerating the future for a safer and more sustainable future. 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 such 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 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 issue updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with respect thereto or any change in events, conditions or circumstances about which any such statement is made. based.

For more information:
Contact Investor
David H. Lim
Head of Investor Relations
(313) 758-2006
[email protected]

Media Contact
Christopher M. Son
Vice President, Marketing and Communications
(313) 758-4814
[email protected]

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SOURCEAmerican Axle & Manufacturing Holdings, Inc.