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American Axle & Manufacturing Secures Contract With Ford South America Operations

PRNewswire-FirstCall
DETROIT

American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, announced today that its subsidiary, AAM do Brasil, has been awarded a contract to produce precision machined components for a new Ford passenger car.

AAM do Brasil will precision machine carrier halves for aluminum manual transmissions and aluminum oil pans for Ford Amazon passenger cars equipped with 1.0L and 1.6L engines. The vehicle is expected to launch in the second quarter 2002.

"We are extremely pleased to have won this new Ford contract," says AAM do Brasil President & COO Steven Proctor. "In addition to being our first opportunity to work with Ford South America Operations, it supports our customer diversification strategy in Latin America, as well as our further expansion into the passenger car segment."

AAM is a world leader in the manufacture, engineering, design and validation of driveline systems and related components and modules, chassis systems and forged products for trucks, buses, sport utility vehicles and passenger cars. In addition to its 14 locations in the United States (in Michigan, New York and Ohio), AAM also has offices and facilities in Brazil, England, Germany, Japan, Mexico and Scotland.

Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company's plans, projections or future performance, the occurrence of which involves risk and uncertainties that could cause the company's actual results or plans to differ materially from those expected by the company which include risk factors described in the Company's filings with the Securities and Exchange Commission.

  For more information ...
  Media relations contact                 Investor relations contact
  Carrie L.P. Gray                        Robert A. Krause
  Director, Corporate Relations           Vice President & Treasurer
  (313) 974-2598                          (313) 974-3074
  grayc@aam.com                           krauser@aam.com

  Or visit the AAM website at www.aam.com

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SOURCE: American Axle & Manufacturing Holdings, Inc.

Contact: Media relations contact: Carrie L.P. Gray, Director, Corporate Relations, +1-313-974-2598, grayc@aam.com , or Investor relations contact: Robert A. Krause, Vice President & Treasurer, +1-313-974-3074, krauser@aam.com , both of American Axle & Manufacturing Holdings, Inc.

Website: http://www.aam.com/

Company News On-Call: http://www.prnewswire.com/comp/033813.html