AAM Completely Acquires Its Shares With Saab JV

AAM, the American axle manufacturing company, announced that it has acquired a 100% stake in e-AAM Driveline Systems AB, a Saab automotive joint venture company.

e-AAM Drive Systems offers innovative solutions for electric drive systems, plug-in hybrids and pure electric vehicles.

Saab Automobile Company sold its shares in e-AAM after it went bankrupt. After the transaction is completed, AAM will have absolute control of e-AAM.

AAM mainly develops, manufactures, and manufactures driveshaft systems and powertrain related components for trucks, SUVs, passenger vehicles, and crossover vehicles.

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