American Axle & Manufacturing secures supply agreement to provide electric drive units

From Yahoo Finance: 2025-06-27 04:17:00

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) secures a supply agreement to provide front electric drive units and rear e-Beam axles for an electric Traveler SUV and Terra Pickup truck. The agreement is with Scout Motors, and the vehicles can be configured with 100% battery electric or gasoline options. AAM Chairman and CEO David C. Dauch expresses excitement for the partnership with Scout and their commitment to American design and innovation. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is an automotive and mobility supplier specializing in driveline and metal-forming technologies for electric, hybrid, and internal combustion vehicles. The company is recognized as one of the 10 best-value penny stocks to buy by analysts.



Read more at Yahoo Finance: American Axle & Manufacturing (AXLE) Secures Supply Agreement for Electric Drive Units