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Share this article Share this article DETROIT and TEL AVIV, Israel, May 7, 2021 /PRNewswire/  American Axle & Manufacturing Inc. (AAM) [NYSE: AXL], a leading global Tier 1 automotive supplier of driveline and metal forming technologies, and REE Automotive ( REE ), a leader in e-Mobility, today announce that the companies have agreed to jointly develop an exciting new electric propulsion system for e-Mobility. REE is in the process of merging with 10X Capital Venture Acquisition Corp ( 10X SPAC ) (NASDAQ:VCVC), a special purpose acquisition company, to become a publicly listed company. AAM and REE Automotive to Jointly Develop New Electric Propulsion System for e-Mobility

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