American Axle & Manufacturing Holdings Inc. $(AAM)$ has released its unaudited pro forma combined financial statements for the year ended December 31, 2024, in connection with a merger and acquisition transaction involving Dowlais. The financial statements, prepared in accordance with GAAP and IFRS accounting standards, reflect the integration of AAM and Dowlais, a leading supplier of driveline and metal forming technologies. The pro forma statements incorporate adjustments for differences in accounting policies and financial presentation between the two companies. They also assume the realization of $300 million in estimated run rate synergies from the transaction, highlighting a combined Adjusted EBITDA margin of approximately 14%. These financial results provide insights into the anticipated financial performance of the new entity post-combination.