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Published on April 3, 2023

AAM Publishes 2022 Sustainability Report Highlighting Achievements, Awards and Future Goals

DETROIT – April 3, 2023 -- American Axle & Manufacturing (AAM), (NYSE: AXL) has published its 2022 Sustainability Report that features progress the company has made toward its environmental, social and governance goals. The report also highlights recognition awarded to its people, products and systems technology.

Listed in the report are a number of AAM achievements. In 2022, AAM:

  • was among the very first automotive Tier 1 suppliers to have net-zero targets validated by SBTi, the top external validation source in the industry
  • performed a sustainability materiality assessment to identify and prioritize sustainability topics and initiatives for 2023 and beyond
  • demonstrated electrification leadership by winning three Automotive News PACE program awards for our state-of-the-art electric drive technology
  • announced our investment in Autotech Ventures which complements AAM’s mission to develop and produce the industry’s most efficient and powerful electric drive units.
  • completed our acquisition of the Tekfor Group which leverages our core strengths, increases our electrification product portfolio, and diversifies our geographic and customer sales mix
  • successfully completed 17 global product and program launches
  • increased our spend with diverse suppliers 16% year-over-year
  • continued our support of the communities where we live and work with over $1 million in charitable contributions, including Associate giving
  • was named one of America’s Best Large Employers by Forbes
  • hired its first Diversity, Inclusion and Equity executive and expanded its DEI-focused programming

View the complete report here.

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 85 facilities in 18 countries, AAM is Bringing the Future Faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.

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Media Contacts:

Christopher M. Son, AAM                                                   

Vice President, Marketing & Communications                   

(313) 758-4814                                                                   

chris.son@aam.com         

For more information:

INVESTOR RELATIONS

David Lim

Head of Investor Relations

+1 (313) 758 2006

InvestorRelations@aam.com

MEDIA

Christopher Son

Vice President, Marketing & Corporate Communications

+1 (313) 758-4814

Contact
AMERICAN AXLE & MANUFACTURING

One Dauch Drive
Detroit, MI 48211-1198

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  • reduced purchases of our products by General Motors Company (GM), FCA US LLC (FCA), or other customers;
  • reduced demand for our customers' products (particularly light trucks and sport utility vehicles (SUVs) produced by GM and FCA);
  • our ability to develop and produce new products that reflect market demand;
  • lower-than-anticipated market acceptance of new or existing products;
  • our ability to respond to changes in technology, increased competition or pricing pressures;
  • our ability to attract new customers and programs for new products;
  • our ability to consummate and integrate acquisitions and joint ventures;
  • risks inherent in our international operations (including adverse changes in trade agreements, tariffs, immigration policies, political stability, taxes and other law changes, potential disruptions of production and supply, and currency rate fluctuations, including those resulting from the recent United States presidential election and the United Kingdom's vote to exit the European Union);
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  • our ability to achieve the level of cost reductions required to sustain global cost competitiveness;
  • supply shortages or price increases in raw materials, utilities or other operating supplies for us or our customers as a result of natural disasters or otherwise;
  • our ability or our customers' and suppliers' ability to successfully launch new product programs on a timely basis;
  • our ability to realize the expected revenues from our new and incremental business backlog;
  • risks related to a failure of our information technology systems and networks, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber attack and other similar disruptions;
  • global economic conditions;
  • our ability to maintain satisfactory labor relations and avoid work stoppages;
  • our suppliers', our customers' and their suppliers' ability to maintain satisfactory labor relations and avoid work stoppages;
  • price volatility in, or reduced availability of, fuel;
  • our ability to protect our intellectual property and successfully defend against assertions made against us;
  • our ability to attract and retain key associates;
  • availability of financing for working capital, capital expenditures, research and development (R&D) or other general corporate purposes including acquisitions, as well as our ability to comply with financial covenants;
  • our customers' and suppliers' availability of financing for working capital, capital expenditures, R&D or other general corporate purposes;
  • changes in liabilities arising from pension and other postretirement benefit obligations;
  • risks of noncompliance with environmental laws and regulations or risks of environmental issues that could result in unforeseen costs at our facilities;
  • adverse changes in laws, government regulations or market conditions affecting our products or our customers' products (such as the Corporate Average Fuel Economy (CAFE) regulations);
  • our ability or our customers' and suppliers' ability to comply with the Dodd-Frank Act and other regulatory requirements and the potential costs of such compliance;  and
  • other unanticipated events and conditions that may hinder our ability to compete.
It is not possible to foresee or identify all such factors and we make no commitment to update any forward-looking statement or to disclose any facts, events or circumstances after the date hereof that may affect the accuracy of any forward-looking statement.