Jake Scholl's questions to AMERICAN AXLE & MANUFACTURING HOLDINGS (AXL) leadership • Q2 2025
Question
Jake Scholl from BNP Paribas, on for James Picariello, asked about any direct impact from steel and aluminum tariffs and the portion of steel exposure covered by contractual recoveries. He also inquired if the Scout Motors award leverages AAM's proprietary eDrive technology.
Answer
EVP & CFO Christopher May stated that AAM has minimal exposure to steel and aluminum tariffs as nearly all of its North American consumption is from U.S. sources, and that 85-90% of commodity input costs are passed through to customers via contracts. Chairman & CEO David Dauch confirmed that the Scout win leverages AAM's own IP and proprietary capability for both the e-beam and EDU systems, validating their technology.