Company type | Public |
---|---|
Industry | Automotive industry |
Founded | 1994 |
Founders | Richard E. "Dick" Dauch and James W. McLernon |
Headquarters | Detroit, Michigan , U.S. |
Area served | Worldwide |
Products | passenger car, light truck, and commercial vehicle segments |
Revenue | US$ 6.27 billion (FY 2017) [1] |
US$ 223.4 million (FY 2011) [2] | |
US$ 337.1 million (FY 2017) [1] | |
Total assets | US$ 2.3 billion (FY 2011) [2] |
Total equity | US$ -419.6 million (FY 2011) [2] |
Number of employees | 25,000 [3] (2017) |
Subsidiaries | Albion Automotive, United Kingdom |
Website | www |
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
AAM was founded in 1994 when a private investor group, led by Richard E. "Dick" Dauch, James W. McLernon, Raymond Park and Morton E. Harris purchased the Final Drive and Forge Business Unit from GM's Saginaw Division. In 1999, AAM went public, and is traded as "AXL" on the New York Stock Exchange (NYSE). AAM has grown to supply various OEM manufacturers around the globe in the passenger car, light truck, and commercial vehicle segments.
AAM's World Headquarters building, erected in 2004, is located on the Detroit/Hamtramck border.
[4] The strike cost General Motors $2.6 billion as the automaker lost the production of its Chevrolet Malibu sedan and other vehicles. [5]
Key products include axles, drive shafts, front axle, universal joints and sealing and thermal-management products.
After closing its factories in Detroit in 2012, American Axle and Manufacturing had started a demolition project. In late 2013, much of the old manufacturing facility had been demolished by bulldozers and cranes. Also, in February 2014, it was reported and confirmed that most of the Detroit/Hamtramck manufacturing site had been sold [6] to a California-based Industrial Realty Group, IRG LLC who specialize in the use of industrial buildings for other developments such as apartment complexes. In 2014, American Axle continued to own its headquarters and greenbelt property at the site. It planned to build an engineering facility in the sole building left standing from the original manufacturing complex.
Albion Automotive is a Glasgow-based subsidiary. [7]
In 2002, the Court of Appeal ruled in a case brought by staff employed at Albion's Farington site in Lancashire, Albion Automotive Ltd w. Walker and others, [8] that a contractual term entitling employees to an enhanced redundancy payment could be implied into the employees' contracts of employment based on the employer's custom and practice. [9]
New United Motor Manufacturing, Inc. (NUMMI) was an American automobile manufacturing company in Fremont, California, jointly owned by General Motors and Toyota that opened in 1984 and closed in April 2010. The plant is located in the East Industrial area of Fremont next to the Mud Slough between Interstate 880 and Interstate 680, the plant's peak production year was 2006, when it manufactured 428,633 vehicles.
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Redundancy in United Kingdom law concerns the rights of employees if they are dismissed for economic reasons in UK labour law.
The Saginaw 9.5-inch axle is an automotive axle manufactured by American Axle & Manufacturing, Inc. This differential has three major variants. A rear solid axle, a front solid axle and independent front suspension. General Motor's Saginaw Division started production of this axle in the late 1970s and all three variations are still in production today. The maximum GAWR for this axle is 6000 pounds.
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