AAM Archives - Page 2 of 5 - aftermarketNews
AAM, REE Automotive Partner On Electric Propulsion System

The electric drive units will be developed at AAM’s Advanced Technology and Development Center in Detroit.

AAM, Inovance Automotive Form Technology Agreement

The collaboration will accelerate the development and delivery of scalable, next-generation 3-in-1 electric drive systems.

Ford Honors AAM At 22nd Annual World Excellence Awards

AAM was announced as a Silver winner during Ford Motor Company’s virtual event.

AAM Reports Q2 Net Sales Of $515.3M

AAM’s second quarter financial results were unfavorably impacted by global production shutdowns due to the pandemic.

AAM Recognized By GM As A 2019 Supplier Of The Year Winner

The Supplier of the Year award winners were chosen by a global team of GM executives.

AAM Names Supplier Of The Year And Supplier Excellence Winners

The awards were presented to key supplier partners at AAM’s 26th Annual Supplier Day, held virtually from Detroit.

AAM Reports Q1 2020 Financial Results

The company reported first-quarter sales of $1.34 billion.

AAM Announces Virtual 2020 Annual Meeting Of Stockholders

The Annual Meeting of Stockholders will be held in a web-based audio format on Thursday, May 7, at 8:00 a.m., EST.

AAM Reports Full-Year Sales Of $6.53B

Fourth quarter sales were $1.43 billion.

AAM Closes Sale Of US Iron Casting Operations

AAM received net cash proceeds of approximately $141.2 million from the sale, which are subject to customary post-closing adjustments, as well as a $60 million deferred payment obligation.

AAM Sells US Iron Casting Operations To Funds Managed By Gamut Capital Management

Across 10 manufacturing facilities, Grede develops, manufactures, assembles and supplies ductile, gray and specialty iron castings and machined components for automotive, commercial vehicle and industrial markets.

AAM Reports 2nd Quarter 2019 Financial Results 

AAM’s sales in the second quarter of 2019 were $1.7 billion as compared to $1.9 billion in the second quarter of 2018.