American Axle & Manufacturing Holdings, Inc. (AAM), has announced that its backlog of new and incremental business launching from 2014 through 2016 is estimated at $900 million in future annual sales.
The following are details of the new and incremental business backlog for 2014-2016:
New and innovative product technologies: AAM’s new and incremental business backlog includes product programs supporting the all-
new Jeep Cherokee with its industry-first EcoTrac disconnecting driveline system, the all-new Cadillac CTS, Motor Trend’s 2014 Car of the Year, with AAM’s high efficiency rear drive modules, and the e-AAM(TM) hybrid and electric system that will be featured on a future model year Qoros vehicle.
Significant progress on customer diversification initiatives: Approximately 70 per cent of AAM’s new and incremental business backlog for 2014-2016 is for customers other than GM. This includes new and expanded orders supporting multiple global premium vehicle manufacturers, including Chrysler Group LLC, Daimler Truck, Ford, Honda, Jaguar Land Rover, Mercedes Benz, Nissan, Tata Motors and others.
Major increase in passenger car and crossover vehicle business: Approximately two-thirds of AAM’s $900 million business backlog is for passenger car and crossover vehicle programs.
Growth in global markets: Approximately 70 per cent of AAM’s new and incremental business backlog is for programs sourced outside of the US. These awards support the company expansion in the growing global markets of Brazil, China, India and Thailand.
“AAM’s robust new business backlog supports our ability to exceed the growth rate expected for the industry through 2015. This is great news for all our key stakeholders,” said the Chairman, President & Chief Executive Officer, Mr. David C. Dauch. “We are very pleased that AAM’s focus on technology leadership has resulted in the expansion and diversification of our customer base and product portfolio on a global basis. AAM is focused on successfully launching these programs as well as continuing to deliver positive financial results by executing our aligned business strategy.”
The group values its new and incremental business backlog based on production volume estimates and program design direction provided by its customers. The actual sales value of these awards will depend on product volumes, program launch timing and foreign currency exchange. Sales of unconsolidated joint ventures are not included in the new business backlog.
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 light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles. In addition to locations in Michigan, Ohio, Pennsylvania and Indiana in the US, it also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.