American Axle Honored by GM, Acquisition of Metaldyne Complete
April 24, 2017
American Axle & Manufacturing (Detroit) was named a GM Supplier of the Year by General Motors during its Supplier of the Year awards ceremony.
GM recognized 118 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or brought new innovations to the company.
“We are focused on building positive supplier relationships, bringing new, customer-centric innovations to GM and being the OEM of choice among suppliers,” said Steve Kiefer, GM vice president, global purchasing and supply chain. “The companies we recognize tonight not only have brought innovation, they delivered it with the quality our customers deserve.”
Winning suppliers were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives and selected based on performance criteria in product purchasing, indirect purchasing, customer care and aftersales, and logistics.
“AAM’s partnerships with our customers are an integral part of our mission to provide value while supplying innovative, high-quality driveline products,” said David C. Dauch, chairman and CEO, AAM. “We are honored by this recognition from GM and will continue to work each day to exceed our customers’ expectations.”
American Axle also completed the acquisition of Metaldyne Performance Group. The move had been announced late last year.
“Today is a historic day where we combine the strengths of both AAM and MPG into a premier, global Tier 1 automotive supplier with broader capabilities across multiple product lines,” Dauch said. “This transformational acquisition will allow us to maximize stakeholder value by creating a company with greater size, scale and increased business diversification that delivers efficient, powerful and innovative solutions for our customers.”
The acquisition, worth a reported $3.3 billion, was first announced in November.