Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
American Axle & Manufacturing history
American Axle & Manufacturing company history timeline
AAM was founded in 1994 when a private investor group, led by Richard E. "Dick" Dauch, James W. McLernon, Raymond Park and Morton E. Harris purchased the Final Drive and Forge Business Unit from GM's Saginaw Division.
His investments and changes in manufacturing techniques drove the company's sales up to $2.2 billion in 1996, by which point his efforts had produced sufficient tangible results to attract a large cash infusion.
In October 1997, Blackstone acquired a controlling stake in the company, giving Dauch as much as $700 million to funnel toward AAM's expansion and improvement.
In 1998, the company acquired Scotland-based Albion Automotive (Holdings) Limited, a supplier of front steerable and rear axles, driving heads, crankshafts, chassis components, and transmission parts.
In 1999, AAM went public, and is traded as "AXL" on the New York Stock Exchange (NYSE). AAM has grown to supply various OEM manufacturers around the globe in the passenger car, light truck, and commercial vehicle segments.
In 2000, after six years of working to improve AAM's manufacturing capabilities, Dauch could point to convincing evidence that his expertise had worked wonders.
The dramatic improvements drove the growth of the company, enabling it to edge past the $3-billion-in-sales mark in 2000, 84.5 percent of which was derived from sales to GM.
2002: AAM is awarded a contract with General Motors worth $1.5 billion annually.
In 2003, when sales to non-GM customers were up nearly 50 percent, the company derived 82 percent of its sales from GM.
At this point, the company was supplying the driveline systems for the long-wheelbase versions of the Chevrolet TrailBlazer and GMC Envoy sport utility vehicles, the Hummer H2, and the heavy-duty version of the 2003 Dodge Ram pickup truck.
By the end of 2003, AAM derived 80 percent of its revenue from products featuring new technology.
2004: AAM dedicates a new world headquarters building in Detroit.
AAM launched driveline system with SmartBarâ„¢ Electronic Stabilizer System for 2005 Ram Power Wagon
The company received a new contract to supply GM with a new driveline system in 2006, a deal of tremendous importance to its future business.
AAM's Guanajuato Manufacturing Complex North Plant was awarded the 2009 Shingo Prize for Excellence in Manufacturing
MSP Industries launches production of continuously variable transmission (CVT) pulleys for Honda (2014 model year)
AAM completes the acquisition of Metaldyne Performance Group Inc. (April 6, 2017)
AAM's World Headquarters achieves LEED Certification through year 2018, a designation from the US Green Building Council for buildings with optimum energy, water usage and air quality efficiencies
AAM is recognized by General Motors as a 2018 Supplier of the Year for third consecutive year
AAM celebrates 25th anniversary on March 1, 2019
Automotive News names AAM a 2020 PACE Award Finalist for our Electric Drive Technology
Chairman and CEO David C. Dauch is named a 2020 Automotive News All Star
Rate how well American Axle & Manufacturing lives up to its initial vision.
American Axle & Manufacturing jobs
Do you work at American Axle & Manufacturing?
Does American Axle & Manufacturing communicate its history to new hires?
American Axle & Manufacturing competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Meritor | 1909 | $3.8B | 8,200 | - |
| Dana Incorporated | 1904 | $10.3B | 36,000 | 73 |
| Tenneco | 1940 | $18.0B | 78,000 | 154 |
| Rassini Chassis Systems, Llc | - | $11.0M | 60 | - |
| Inteva Products | 2007 | $2.8B | 15,000 | 26 |
| NYX | 1984 | $450.0M | 1,800 | 18 |
| Cummins | 1919 | $34.1B | 57,825 | 697 |
| Delphi Automotive Systems | 1998 | $350.0M | 1,834 | - |
| Shiloh Industries | 1950 | $1.1B | 3,600 | 16 |
| Modine Manufacturing | 1916 | $2.4B | 10,900 | 267 |
American Axle & Manufacturing history FAQs
Zippia gives an in-depth look into the details of American Axle & Manufacturing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about American Axle & Manufacturing. The employee data is based on information from people who have self-reported their past or current employments at American Axle & Manufacturing. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by American Axle & Manufacturing. The data presented on this page does not represent the view of American Axle & Manufacturing and its employees or that of Zippia.
American Axle & Manufacturing may also be known as or be related to American Axle & Manufacturing Holdings Inc, American Axle & Manufacturing Holdings, Inc., American Axle & Manufacturing, American Axle & Manufacturing Holdings, American Axle & Manufacturing Inc and Aam - American Axle & Manufacturing.