Successful Exits from China Joint Ventures
AAM exited its Hefei AAM Automotive and Liuzhou AAM Automotive joint ventures in China, collecting approximately $30 million in cash.
Approval for Sale of AAM Commercial Vehicle Axle Business
Received approval from the Competition Commission of India to proceed with the sale to Bharat Forge Limited, expecting closure in Q2 2025.
Strong Adjusted EBITDA Margin Improvement
Sequential improvement of approximately 100 basis points in adjusted EBITDA margin, reaching 12.6% of sales.
Positive Free Cash Flow Guidance
Guidance for 2025 includes targeting adjusted free cash flow of $165 million to $215 million, despite a challenging environment.
Transformational Transaction Progress
The combination with Dowlais is on track, with expected $300 million in synergies and significant potential for shareholder value.