DETROIT, Feb. 19 /PRNewswire/ -- American Axle & Manufacturing Holdings,
Inc. (AAM), which is traded as AXL on the NYSE, today announced that it will
be issuing profit-sharing payments averaging $2,193.12 to its eligible U.S.
AAM has generated profit-sharing payments to its eligible U.S. workforce
each year for the last seven years, since it began operations in 1994.
"We are pleased to share with our associates the positive results of our
record earnings for 2000," said Co-Founder, Chairman & CEO Richard E. Dauch.
"The dedication of our excellent team of associates to quality and increased
productivity provided us with the tools we needed to continue to grow our
AAM is a world leader in the manufacture, engineering, validation and
design of driveline systems, 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
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
For more information:
Investor relations contact Media relations contact
Robert A. Krause Carrie L.P. Gray
Vice President & Treasurer Director, Marketing & Corporate Relations
Or visit the AAM website at www.aam.com
SOURCE American Axle & Manufacturing Holdings, Inc.