public traded as nyse axl industry automotive industry founded 1994 founders richard e. dick dauch and james w. mclernon headquarters detroit michigan usa area served worldwide products passenger car light truck and commercial vehicle segments revenue 2.5 billion fy 2011 1 operating income 223.4 million fy 2011 1 net income 137.1 million fy 2011 1 total assets 2.3 billion fy 2011 1 total equity 419.6 million fy 2011 1 website aam.com american axle & manufacturing inc. aam headquartered in detroit michigan is a manufacturer of automobile driveline and drivetrain components and systems . contents 1 history 2 2008 strike 3 products 3.1 axles 4 demolition 5 us competitors 6 references 7 external links history edit 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 . 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 . aam s world headquarters building erected in 2004 is located on the detroit hamtramck border . 2008 strike edit on february 26 2008 approximately 4600 aam employees went on what would be a three month long strike to protest a proposed wage and benefit cut by the company s management . the proposal would reduce production workers hourly wage from 28 to 18 and cut skilled trade wages 5 per hour . 2 the strike cost general motors 2.6 billion as the automaker lost the production of its chevrolet malibu sedan and other vehicles . 3 products edit key products include axles drive shafts front axle universal joints and sealing and thermal management products . axles edit 10.5 corporate 14 bolt differential saginaw 9.5 inch axle demolition edit after closing its factories in detroit in 2012 american axle and manufacturing had started a demolition project . in late 2013 much of the old manufacturing facility had been demolished by bulldozers and cranes . also in february 2014 it was reported and confirmed that most of the detroit hamtramck manufacturing site had been sold 4 to a california based industrial realty group irg llc who specialize in the use of industrial buildings for other developments such as apartment complexes and such . in 2014 american axle continued to own its headquarters and greenbelt property at the site . it planned to build an engineering facility in the sole building left standing from the original manufacturing complex . us competitors edit meritor dana references edit a b c d e american axle & manufacturing 2011 annual report form 10 k filing date feb 9 2012 pdf . secdatabase.com . retrieved july 5 2012 . joe s union review american axle strike joe s union review . blogger . retrieved 23 april 2008 . gm to slash expenses raise cash to move forward . auto trends . retrieved 18 july 2008 . american axle sells detroit manufacturing complex to industrial realty group the detroit news . burden melissa . retrieved 24 february 2014 . external links edit official website retrieved from https en.wikipedia.org w index.php title american axle & oldid 743440465 categories auto parts suppliers of the united statesmanufacturing companies based in michigancompanies based in detroitmanufacturing companies established in 19941994 establishments in michiganprivate equity portfolio companiesblackstone group companiescompanies listed on the new york stock exchange navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages svenska edit links this page was last modified on 9 october 2016 at 17 38 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view