DETROIT, April 11 /PRNewswire-FirstCall/ -- American Axle & Manufacturing (AAM), which is traded as AXL on the NYSE, announced today that it has reached agreements with the unions representing its associates in England, Mexico and Scotland.
"All of AAM's hourly associates at AAM de Mexico and our wholly-owned subsidiary Albion Automotive in the United Kingdom have union representation," said AAM Co-Founder, Chairman & CEO Richard E. Dauch. "The recently signed agreements in Mexico and the United Kingdom achieved a market competitive labor cost structure in those regions where the facilities are located. This was all done quietly, professionally, responsibly and effectively with no production disruption."
AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for trucks, sport utility vehicles, passenger cars and crossover utility vehicles. In addition to locations in the United States (Michigan, New York, Ohio and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, South Korea, Thailand and the United Kingdom.
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.
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Renee B. Rogers Jamie M. Little
Manager, Corporate Communications and Director, Investor Relations
Media Relations (313) 758-4831
(313) 758-4882
