American Axle & Manufacturing Announces 2009 - 2013 New Business Backlog of $1.4 Billion
as AXL on the NYSE, today announced that
its backlog of new and incremental business launching from 2009 through 2013
has increased to approximately
$1.4 billion in future annual sales.
AAM currently expects to launch approximately two-thirds of the $1.4
billion new business backlog in the 2009, 2010 and 2011 calendar years. The
balance of the new business backlog will launch in 2012 and 2013.
AAM's new business backlog reflects the company's continued success in
expanding its product portfolio, customer base, served markets and global
manufacturing footprint.
Almost half of AAM's new business backlog relates to rear-wheel-drive and
all-wheel-drive applications for passenger cars and crossover vehicles.
AAM's new business backlog benefits from the company's continued focus on
electronics product integration. This is particularly evident in the
expansion of AAM's drivetrain product offerings, such as transmission
differentials and transfer cases.
Approximately 85% of AAM's new business backlog has been sourced to AAM's
non-U.S. facilities. This will accelerate the expansion of AAM's high
quality, cost-competitive and operationally flexible global manufacturing
footprint in Brazil, China, India, Mexico, Poland and Thailand.
The growth in AAM's new business backlog also reflects AAM's successful
efforts to diversify its customer base. Recent awards in AAM's new business
backlog include:
-- Nissan Motor Co., Ltd. has selected AAM to produce rear axles and
driveshafts for a 2010 model-year light vehicle program. These
components will be manufactured at AAM's Guanajuato, Mexico
manufacturing facility for the North American market.
-- Renault S.A. has chosen AAM to manufacture rear dual-wheel axles for a
2011 model-year light commercial vehicle program. These components
will be manufactured at AAM's Changshu, China manufacturing facility
for consumption in the emerging markets of Brazil, Russia, India, and
China.
-- Audi AG has awarded AAM new and incremental transmission differential
business. These components will be manufactured at AAM's Olawa, Poland
manufacturing facility.
-- Brilliance China Automotive Holdings, Ltd. has selected AAM to produce
independent rear drive assemblies (IRDA) for a 2010 model-year
crossover utility vehicle program. These components will be
manufactured at AAM's Changshu, China manufacturing facility for the
domestic market in China.
-- Chery Automobile Co., Ltd.