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American Axle (AXL) to Receive U.S. Department of Energy Cooperative Agreement for Electric Drive Technology

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Go back to American Axle (AXL) to Receive U.S. Department of Energy Cooperative Agreement for Electric Drive Technology

AAM to Receive U.S. Department of Energy Cooperative Agreement for Electric Drive Technology

May 7, 2021 7:45 AM EDT

DETROIT, May 7, 2021 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will receive $5 million in funding from the U.S. Department of Energy to advance development of its next generation Electric Drive Technology.

The cooperative agreement from the Office of Energy Efficiency and... More