The program can save shops $100 or more every month in credit card fees.
Products including 3-in-1 electric drive units and e-Beam axles will be on display at the AAM exhibit at CES.
AAM will assume operations of the Engine Pro program and brand starting January 1, 2023.
AAM was one of 31 companies to earn an Overdrive Award for 2021.
AAM announces $700 million backlog with a significant increase in electrification mix.
This distinction also makes AAM a top five employer in the automotive industry.
AAM says it plans to leverage Autotech’s portfolio and expertise to identify new opportunities supporting electrification and other new mobility initiatives.
Previously, Lynch was AAM’s vice president, finance and controller.
AAM intends to use the net proceeds of the offering to fund the redemption of 100% of its outstanding 6.25% senior notes due 2025.
In 2018, AAM was the first recipient of the Enlighten Award in the Future of Lightweighting category for lightweighting innovation in conventional driveline technology.
AAM’s net income in the second quarter of 2021 was $16 million, or $0.13 per share, as compared to a net loss of $(213.2) million, or $(1.88) per share in the second quarter of 2020.
The electric drive units will be developed at AAM’s Advanced Technology and Development Center in Detroit.