DETROIT, May 10, 2019 /PRNewswire/ -- American Axle
& Manufacturing (AAM) will partner with the City of Detroit and community leaders to help
revitalize the Campau/Banglatown area as part of the Strategic
Neighborhood Fund (SNF) and Affordable Housing Leverage Fund
(AHLF), the company announced today.
AAM, along with six other companies, has committed $5 million over five years to the SNF and AHLF to
help reinvigorate communities throughout Detroit. The SNF focuses on community-driven
projects in four areas including park improvements, streetscape
improvements, commercial corridor development and affordable
single-family home stabilizations. The AHLF supports the creation
and maintenance of affordable housing in neighborhoods throughout
the City of Detroit.
"AAM is proudly headquartered in Detroit, near the Campau/Banglatown community.
We've watched this area transform into a vibrant community and we
are honored to be a part of its bright future," said David C. Dauch, AAM Chairman and Chief Executive
Officer. "We look forward to working with its residents and the
City of Detroit to help further
revitalize this community."
Earlier this year, city planners detailed planned improvements
to Campau/Banglatown including improved parks, a public splash pad,
soccer field, cricket pitch, changes in roadways and residential
and commercial development and redevelopment.
"The city has been working closely with the Campau/Banglatown
community for months to develop an exciting and achievable
framework for the neighborhood," said Mayor Mike Duggan. "Having the support and
engagement of AAM as this process moves forward will only enhance
the ongoing revitalization efforts in a way that respects
the unique identity of the neighborhood."
AAM's first community initiative with Campau/Banglatown took
place this morning when more than 100 AAM associates from
Metro-Detroit facilities came together to meet with community
representatives and help clean-up several key areas including the
Davison School at 2800 E. Davison, Jayne Field Recreational
Complex, the former Washington Center School at 13000 Dequindre and
the Knapp Library branch.
"One of AAM's core beliefs is to provide service to the
communities where we live and work," said Dauch. "Our associates
are honored to give back to this community and we will continue to
find opportunities to support this area's revitalization."
About AAM
AAM (NYSE: AXL) delivers POWER that moves
the world. As a leading global tier 1 automotive supplier, AAM
designs, engineers and manufactures driveline, metal forming and
casting technologies that are making the next generation of
vehicles smarter, lighter, safer and more efficient. Headquartered
in Detroit, AAM has over 25,000
associates operating at nearly 90 facilities in 17 countries to
support our customers on global and regional platforms with a focus
on quality, operational excellence and technology leadership.
To learn more, visit aam.com.
Media Contact: Andrea
Knapp, andrea.knapp@aam.com, 248 321 5653
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SOURCE American Axle & Manufacturing Holdings, Inc.