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New deal for AAM to offset much of GM contract losses

A new supply programme could go far in furthering the supplier's diversification efforts

American Axle (AAM) has nabbed a pivotal new supply deal that should go far (up to 40%, to be precise) in making up for recent GM contract losses. Company Chairman and Chief Executive David Dauch hailed the new agreement as "fantastic news" and a solid part of its diversification efforts.

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