AAM Acquires Full Ownership of JV with Saab
April 3, 2012
American Axle & Manufacturing (AAM) announced that it has acquired full ownership of e-AAM Driveline Systems AB in Trollhättan, Sweden. e-AAM, previously a joint venture between AAM and Saab Automobile AB and now a wholly owned subsidiary of AAM, was created to provide customers around the world with solutions for electric driveline systems, including electric all-wheel-drive, plug-in hybrids and full electric vehicles. e-AAM gives AAM full control of an operation that will continue the full scope of engineering, developing and commercializing a full range of electric driveline technology systems for passenger cars and crossover vehicles.