American Axle & Manufacturing Holdings Inc.

American Axle & Manufacturing Holdings Inc. agreed to sell 10 U.S. ferrous foundries for $245 million to Gamut Capital Management, a New York-based private-equity fund.


These plants comprise the remaining Grede Foundries operations that AAM acquired in late 2016 as part of its $3.3-billion takeover of Metaldyne Performance Group.

AAM’s Electric Drive System Powers New Jaguar I-PACE: Jaguar’s first all-electric production vehicle, the I-PACE, features American Axle & Manufacturing’s all-wheel-drive front and rear e-Drive units.

The e-AAM Hybrid and Electric DrivelineTM BEV system delivers 400 hp., 516 lb. ft. of torque and high-performance all-wheel-drive via two electric drive units. Capable of reaching 60 mph in just four seconds, AAM’s system provides maximum performance in a compact design.

“AAM worked with Jaguar to design, develop and build the high-performance and highly efficient e-AAM electric drive units for the I-PACE,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “Technologies that move forward vehicle electrification -- particularly the driveline -- are an integral part of AAM’s product portfolio and we continue to advance electrified solutions with other global customers.”

AAM’s I-PACE system includes two power dense electric drive units that are designed to maximize power but minimize system space and help contribute to the vehicle’s low center of gravity. Using Jaguar-designed permanent magnet motors, AAM’s independently controlled drive units provide immediate torque and all-wheel drive for optimal control and maximum safety.

AAM designed and engineered the I-PACE e-AAM system at the company’s Trollhättan Technical Center in Trollhättan, Sweden. The system is built in Poland at AAM’s Świdnica Manufacturing Facility, which is dedicated to producing precision engineered AAM driveline systems and components.