schreef:
AAM Acquires Full Ownership of e-AAM Driveline Systems ABDetroit, MI, U.S.A., Feb 29, 2012 (Thomson Reuters ONE via COMTEX)American Axle & Manufacturing (AAM) today announced that it has acquired full ownership of e-AAM Driveline Systems AB (e-AAM) in Trollhattan, Sweden. e-AAM, previously a joint venture between AAM and Saab Automobile AB (Saab), was created to provide customers around the globe with innovative solutions for electric driveline systems including electric all-wheel-drive (eAWD), plug-in hybrids, and full electric vehicles.Under the purchase agreement, Saab's bankruptcy estate has sold its minority stake in the joint venture to AAM. e-AAM is now a wholly-owned subsidiary of AAM. This transaction gives AAM full control of the operation that will continue the full scope of engineering, developing and commercializing the full range of electric driveline technology systems for passenger cars and crossover vehicles.
"AAM remains totally committed to e-AAM", said AAM President & Chief Operating Officer, David C. Dauch. "As a wholly owned entity, we now have greater flexibility to support e-AAM's customers without limitations. We are pleased with the progress we are making in this new and emerging driveline technology, and expect to play a leading role in this important new product segment."