American Axle & Manufacturing Holdings, Inc : AAM awarded new business
featuring patented e-AAM(TM) hybrid & electric driveline system technology
DETROIT, MICHIGAN- July 9, 2013 - A commitment to the advancement of hybrid
and electric driveline systems has secured AAM a new driveline systems
contract featuring e-AAM^TM technology, with Qoros Auto Co., Ltd. (Qoros).
Qoros, an automotive manufacturing company headquartered in Shanghai, China
and a joint venture between Chery Automobile Co., Ltd. and Israel Corporation,
will feature e-AAM^TM technology on a future model year Qoros vehicle. This
vehicle will be produced in China for both the Chinese and European automotive
e-AAM^TM hybrid and electric driveline systems consist of an electric drive
unit, power box unit with an electric drive control module and a proprietary
control strategy and software designed for traction and hybrid controls
functionality. e-AAM^TM technology provides a cost efficient solution with
market leading power density, a high degree of modularity and a full scope of
controls and software designed to provide significant benefits to consumers.
These features include better fuel efficiency, reduced CO emissions and
improved safety, ride and handling performance.
"We are extremely pleased to initiate a partnership with Qoros," said AAM
President & Chief Executive Officer, David C. Dauch. "Our investment in
driveline systems for hybrid and electric vehicles has allowed us to develop
an innovative patent-protected product portfolio, enabling AAM to play a
leading role in this important new driveline product segment."
AAM (NYSE: AXL) 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 and crossover vehicles and commercial
vehicles. In addition to locations in the United States (Indiana, Michigan,
Ohio, and Pennsylvania), AAM also has offices or facilities in Brazil, China,
Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea,
Sweden and Thailand.
For more information...
Christopher M. Son
Director, Investor Relations,
Corporate Communications & Marketing
+1 313 758 4814
Director, Sales & Marketing - AAM Europe
+46 6172 138 6000
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Source: American Axle & Manufacturing Holdings, Inc via Thomson Reuters ONE
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