American Axle & Manufacturing Extends CEO's Employment Agreement

DETROIT, Nov. 9 /PRNewswire-FirstCall/ -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that AAM's Co-Founder, Chairman & CEO, Richard E. Dauch has extended his Employment Agreement to serve as CEO of the Company until December 31, 2009. Mr. Dauch will also continue to serve on AAM's Board of Directors as Chairman.

"The Board of Directors is pleased that Dick will continue to lead AAM through 2009," said AAM's Compensation Committee Chairman Forest J. Farmer.

"I look forward to continuing in my leadership role at AAM during this period of unprecedented structural change in the domestic automotive industry," said AAM's Co-Founder, Chairman & CEO, Richard E. Dauch.

AAM is a world leader in the manufacture, engineering, design and validation of driveline systems and related components and modules, chassis systems and metal formed products for light trucks, sport utility vehicles and passenger cars. In addition to its locations in the United States (in Michigan, New York and Ohio), AAM also has offices or facilities in Brazil, China, England, Germany, India, Japan, Mexico, Scotland and South Korea.

Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company's plans, projections or future performance, the occurrence of which involve risk and uncertainties that could cause the Company's actual results or plans to differ materially from those expected by the Company which include risk factors described in the Company's filing with the Securities and Exchange Commission.

    For more information...
    Media relations contact                      Investor relations contact
    Carrie L. P. Gray                            Christopher M. Son
    Director, Corporate Relations                Director, Investor Relations
    (313) 758-4880                               (313) 758-4814
    
Email Contact                                
Email Contact

    Or visit the AAM website at 
http://www.aam.com .

CONTACT: Media relations contact: Carrie L. P. Gray, Director, Corporate
Relations, +1-313-758-4880, Email Contact , or Investor relations contact:
Christopher M. Son, Director, Investor Relations, +1-313-758-4814,
Email Contact , both of American Axle & Manufacturing Holdings, Inc.

Web site: http://www.aam.com/


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