Document:

<PAGE>   1
                                                                   EXHIBIT 10.01

                            LIFETIME PROGRAM CONTRACT
                       BETWEEN GENERAL MOTORS CORPORATION
                     NORTH AMERICAN OPERATIONS ("BUYER") AND
                 AMERICAN AXLE & MANUFACTURING, INC. ("SELLER")

1.       Purchase of Product

Seller agrees to sell, and Buyer agrees to purchase, 100% of Buyer's production
and service requirements for the following product (the "Product" or "Goods"):

Part Number     Description       Per Unit Price      Annual Daily Tool Capacity

 See Attached GMT-800 (INCLUDING ALL DERIVATIVES SUCH AS BUT NOT LIMITED TO THE
                 805, 806, 820, 830 & 880) Schedule, Exhibit B

2.       Term

The term of this Agreement is for the "life of the Product", which is defined as
the duration of the GMT-800 (INCLUDING ALL DERIVATIVES SUCH AS BUT NOT LIMITED
TO THE 805, 806, 820, 830 & 880) style presently projected to run from * * *
through * * *.

3.       Prices; Price Reduction

The per unit price of the Product is F.O.B. Seller's Plant. Price for model year
* * * is subject to the following annual percentage reduction from the prior
years price:

 See Attached GMT-800 (INCLUDING ALL DERIVATIVES SUCH AS BUT NOT LIMITED TO THE
                 805, 806, 820, 830 & 880) Schedule, Exhibit B

Purchases of Productive Material by Buyer for Seller shall continue through
December 31, 2002, or such earlier date established by agreement of AAM and GM.
Thereafter, except for increases or decreases in Seller's cost by reason of
Seller's participation in Buyer's Steel Resale Program; Buyer's pricing
adjustment policy(ies) for non-ferrous metals; or permitted under Buyer's
Purchase Order Terms and Conditions no adjustments will be made hereunder for
increases or decreases in Seller's costs for materials. Except for the increases
or decreases set forth above, no other pricing adjustments (e.g. labor or
overhead) will be made except by agreement between AAM and GM.

                                       1

<PAGE>   2

In addition, Buyer and Seller will use their best efforts to implement cost
savings and productivity improvements, as set forth in Exhibit A attached
hereto, in order to reduce Seller's costs, with the understanding the 50 percent
(50%) of jointly achieved net savings (after deduction of expenditures for
development, applications, engineering tools, prototypes and financing) will be
applied to reduce the price of the Product to Buyer and the balance will be for
the benefit of Seller.

4.       Supplier Development; Quality Control

Seller agrees to participate in Buyer's supplier quality and development
program(s). In addition, Seller shall comply with all quality requirements and
procedures specified by Buyer, as the same may be revised from time to time,
including those applicable to Seller as set forth in Quality System Requirements
QS-9000.

5.       Right to Purchase from Others

5.1. Seller will assure that the Product remains competitive in terms of
technology, design, and quality with similar goods available to Buyer during the
term of this Agreement. If, in the reasonable opinion of Buyer, the Product does
not remain competitive, Buyer, to the extent it is free to do so, will advise
Seller in writing of the area(s) in which another product is more competitive
with respect to technology, design or quality. If, within 150 days, Seller does
not agree to immediately sell the Product with comparable technology, design or
quality, Buyer may give notice of termination of this Agreement and after a
period of one (1) year after such notice may purchase from another supplier
without liability to Seller.

5.2. It is agreed by the parties that nothing in this Paragraph 5 shall modify
or otherwise limit Buyer's right under Paragraph 12 ("Cancellation") of Buyer's
Purchase Order Terms and Conditions.

6.       Technical Information: Waiver of Claims

6.1. Buyer and Seller will cooperate to create, maintain, update and share
technical information about the Product and its manufacture, without
restriction, as needed, and in compliance with Buyer's drafting and math data
standards.

6.2. In the event Buyer exercises its right to terminate or cancel this
Agreement, for reasons other than those set forth in Paragraph 5 above, and then
makes the Product or purchases the Product from another supplier, Seller agrees
not to bring any action or claim against Buyer, its suppliers, dealers, or
customers for any reason, excluding any claim for infringement of patents or
other proprietary rights, arising from the manufacture, use and sale of the
Product or use of the information furnished by Seller to Buyer under this
Agreement. Seller will secure the necessary agreements with its employees and
sub-contractors to assure compliance with this Section 6.

                                       2

<PAGE>   3

7.       Purchase Order Terms and Conditions

Buyer's Purchase Order Terms and Conditions (1986), a copy of which is attached,
are hereby incorporated into this Agreement by reference. It is understood that
Paragraph 13 TERMINATION will not be applicable with respect to this contract.
Any amendment to or revision of such Terms and Conditions shall also become a
part hereof, provided that: (i) Buyer provides Seller with a copy of the Terms
and Conditions as amended or revised; and (ii) Seller does not object to said
amendment or revised Terms and Conditions within thirty (30) days after receipt.
The Terms and Conditions and any amendment or revision made a part thereof shall
be construed, to the extent possible, as consistent with the terms and
conditions set forth herein and as cumulative; provided, however, that if such
construction is unreasonable, terms and conditions set forth herein shall
control.

This Agreement is effective upon its execution. The parties hereby agree that
this agreement supersedes the Component Supply Agreement between them, dated
February 28, 1994, as amended, as it relates to the subject matter contained
herein and removes any requirement with respect to components covered hereby for
GM to give notice of non-renewal under such agreement.

Seller                                 Buyer

By /s/ Brian McKenna                   By /s/ Gloria Jackson
   ----------------------------------     ------------------------------
Title Director, Sales                  Title Manager - Metallic
      -------------------------------        ---------------------------
Date April 30, 2001                    Date 6/05/01
     --------------------------------       ----------------------------

                                       3

<PAGE>   4

                                                                       EXHIBIT A

                        "LIFETIME CONTRACT COST SAVINGS"

         Some examples of Cost Savings which shall be shared equally by the
parties are set forth in (a), (b), and (c) below:

               (a) AAM requests from GM Engineering a dimensional change in an
Existing Component that reduces scrap and improves efficiency. If granted, the
savings with respect to that Existing Component would be shared equally by the
two parties.

               (b) GM and AAM are both working on deproliferation of Existing
Component Part Numbers by changing parts to commonize them. Savings with respect
to such Existing Components would be shared by the two parties.

               (c) AAM or GM requests a material change applicable to a
particular Existing Component or Components that would improve efficiency or
reduce tool costs. These savings with respect to such Existing Components would
be shared equally by the two parties.

         Improvements which are not attributable to specific components and
improvements in processing, operating conditions, labor efficiency, scrap
reduction, or any other area made by AAM as a result of its management expertise
and knowledge or contributions by AAM employees, without any input from GM, are
not included in the Cost Savings computation and are the exclusive property of
AAM.

                                       4
<PAGE>   5
                                                                       EXHIBIT B

                                                                     Page 1 of 6

                            LIFETIME PROGRAM CONTRACT
                                     GMT-800

<TABLE>
<CAPTION>
====================================================================================================================================
                                                               03/11/96
                                                               LETTER      MODEL YEAR
                                                     02/21/96  RAMP DOWN   * * *                                          SUCCEEDING
            CURRENT                                  LO1-PER   *PER        ANNUAL DAILY   2004     2005     2006     2007    YEARS
 LOI-P/N     P/N             DESCRIPTION           UNIT PRICE  UNIT PRICE  TOOL CAPACITY  * * *    * * *    * * *    * * *     0.0%
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>       <C>                          <C>         <C>         <C>            <C>      <C>      <C>      <C>  <C>
                           8.6" REAR AXLES
15711501   15015678  GMT-800 Rear Axle - 3.08 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711512   15015679  GMT-800 Rear Axle - 3.42 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711514   15015680  GMT-800 Rear Axle - 3.42 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711578   15015681  GMT-800 Rear Axle - 3.73 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711580   15015682  GMT-800 Rear Axle - 3.73 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711584   15015683  GMT-800 Rear Axle - 4.10 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711585   15015684  GMT-800 Rear Axle - 4.10 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711509   15711509  GMT-800 Rear Axle - 3.42 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711510   15711510  GMT-800 Rear Axle - 3.42 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711575   15711575  GMT-800 Rear Axle - 3.73 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711577   15711577  GMT-800 Rear Axle - 3.73 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711590   15711590  GMT-800 Rear Axle - 4.10 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711591   15711591  GMT-800 Rear Axle - 4.10 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
------------------------------------------------------------------------------------------------------------------------------------

                           9.5" REAR AXLES
15711605   15034171  GMT-800 Rear Axle - 3.42 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
----       15034168  GMT-800 Rear Axle - 3.42 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711558   15034174  GMT-800 Rear Axle - 3.73 Std.     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711559   15034175  GMT-800 Rear Axle - 3.73 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711588   15034178  GMT-800 Rear Axle - 4.10 Std.-HD  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711589   15034179  GMT-800 Rear Axle - 4.10 L/D-HD   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711562   15711562  GMT-800 Rear Axle - 3.73 Std.-HD  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711564   15711564  GMT-800 Rear Axle - 3.73 L/D      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711592   15711592  GMT-800 Rear Axle - 4.10 Std.-HD  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711594   15711594  GMT-800 Rear Axle - 4.10 L/D-HD   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
====================================================================================================================================

</TABLE>

*     Unit Price is less brake components.
**    Unit Price is less brake components and locking differential.
***   Program change pending engineering/commercial direction.
TBD pricing to be added upon commercial resolution.

<PAGE>   6

                                                                     Page 2 of 6

                            LIFETIME PROGRAM CONTRACT
                                     GMT-800

<TABLE>
<CAPTION>
====================================================================================================================================
                                                               03/11/96
                                                               LETTER      MODEL YEAR
                                                     02/21/96  RAMP DOWN   * * *                                          SUCCEEDING
            CURRENT                                  LO1-PER   *PER        ANNUAL DAILY   2004     2005     2006     2007    YEARS
 LOI-P/N     P/N             DESCRIPTION            UNIT PRICE UNIT PRICE  TOOL CAPACITY  * * *    * * *    * * *    * * *     0.0%
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>       <C>                            <C>        <C>         <C>            <C>      <C>      <C>      <C>  <C>
                           10.5" REAR AXLES
           15034170  GMT-800 Rear Axle - 3.42 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15034169  GMT-800 Rear Axle - 3.42 SW/L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711565   15034172  GMT-800 Rear Axle - 3.73 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711566   15034173  GMT-800 Rear Axle - 3.73 SW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711595   15034176  GMT-800 Rear Axle - 4.10 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711596   15034177  GMT-800 Rear Axle - 4.10 SW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15006686  GMT-800 Rear Axle - 3.42 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15006687  GMT-800 Rear Axle - 3.42 SW/L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711567   15711567  GMT-800 Rear Axle - 3.73 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711568   15711568  GMT-800 Rear Axle - 3.73 SW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711597   15711597  GMT-800 Rear Axle - 4.10 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711598   15711598  GMT-800 Rear Axle - 4.10 SW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711599   15711599  GMT-800 Rear Axle - 4.10 DW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711600   15711600  GMT-800 Rear Axle - 4.10 DW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711601   15711601  GMT-800 Rear Axle - 4.10 DW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15711602  GMT-800 Rear Axle - 4.10 DW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711603   15711603  GMT-800 Rear Axle - 4.10 DW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
15711604   15711604  GMT-800 Rear Axle - 4.10 DW-L/D   * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15723486  GMT-800 Rear Axle - 4.10 SW-Std.  * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
------------------------------------------------------------------------------------------------------------------------------------

                           8.25" FRONT AXLES
26036554   15714577  GMT-800 Front Axle - 3.73         * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
26036556   15714579  GMT-800 Front Axle - 4.10         * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
26036556   15008264  GMT-800 Front Axle - 4.10 AWD     * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *

------------------------------------------------------------------------------------------------------------------------------------

                           9.25" FRONT AXLES
26036557   15714576  GMT-800 Front Axle - 3.42         * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
26036558   15714578  GMT-800 Front Axle - 3.73         * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
26036559   15714580  GMT-800 Front Axle - 4.10         * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15152106  GMT-800 Front Axle - 3.54         * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15033002  GMT-800 Front Axle - 3.54 HD      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15033003  GMT-800 Front Axle - 4.10 HD      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
           15033014  GMT-800 Front Axle - 3.73 HD      * * *     * * *      * * *         * * *    * * *    * * *    * * *     * * *
====================================================================================================================================
</TABLE>

*     Unit Price is less brake components.
**    Unit Price is less brake components and locking differential.
***   Program change pending engineering/commercial direction.
TBD pricing to be added upon commercial resolution.

<PAGE>   7
                                                                     Page 3 of 6

                            LIFETIME PROGRAM CONTRACT
                                     GMT-800

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                    MODEL YEAR
                                                         04/03/97   * * *                                                 SUCCEEDING
     PART NUMBER                                         LO1-*PER   ANNUAL DAILY  2004      2005       2006      2007        YEARS
 LOI-P/N CURRENT P/N               DESCRIPTION           UNIT PRICE TOOL CAPACITY * * *     * * *      * * *     * * *       0.0%
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>        <C>                                <C>        <C>           <C>       <C>        <C>       <C>      <C>
15152107   15152107   GMT-800 Rear Axle - 3.54 SW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152108   15152108   GMT-800 Rear Axle - 3.54 SW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152115   15033006   GMT-800 Rear Axle - 4.10 SW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152116   15033007   GMT-800 Rear Axle - 4.10 SW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152109   15033004   GMT-800 Rear Axle - 3.54 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152110   15033005   GMT-800 Rear Axle - 3.54 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152117   15033008   GMT-800 Rear Axle - 4.10 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152118   15033009   GMT-800 Rear Axle - 4.10 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152111   15152111   GMT-800 Rear Axle - 3.54 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152112   15152112   GMT-800 Rear Axle - 3.54 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152113   15152113   GMT-800 Rear Axle - 3.54 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152114   15152114   GMT-800 Rear Axle - 3.54 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152119   15033010   GMT-800 Rear Axle - 4.10 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152120   15033011   GMT-800 Rear Axle - 4.10 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152121   15033012   GMT-800 Rear Axle - 4.10 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15152122   15033013   GMT-800 Rear Axle - 4.10 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15011604   15011604   GMT-800 Rear Axle - 3.73 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15011605   15011605   GMT-800 Rear Axle - 3.73 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
15011606   15011606   GMT-800 Rear Axle - 3.73 DW-Std.    * * *     * * *         * * *     * * *      * * *     * * *        * * *
15011607   15011607   GMT-800 Rear Axle - 3.73 DW-L/D     * * *     * * *         * * *     * * *      * * *     * * *        * * *
====================================================================================================================================
</TABLE>

*     Unit Price is less brake components.
**    Unit Price is less brake components and locking differential.
***   Program change pending engineering/commercial direction.
TBD pricing to be added upon commercial resolution.

<PAGE>   8
                                                                     Page 4 of 6

                            LIFETIME PROGRAM CONTRACT
                                     GMT-800

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                02/21/96    MODEL YEAR
                                                                BASE LO1-   * * *                                         SUCCEEDING
     PART NUMBER                                                PER         ANNUAL DAILY   2004    2005     2006    2007    YEARS
 LOI-P/N CURRENT P/N                   DESCRIPTION              UNIT PRICE  TOOL CAPACITY  * * *   * * *    * * *   * * *    0.0%
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>            <C>                               <C>         <C>            <C>     <C>      <C>     <C>   <C>
                                GMT-800 K-AUXILIARY PROPSHAFTS
15711973       15711973       GMT-800 Front Auxiliary Propshaft  * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711975       15711975       GMT-800 Front Auxiliary Propshaft  * * *       * * *         * * *   * * *    * * *   * * *    * * *
15719954       15719954       GMT-800 Front Auxiliary Propshaft  * * *       * * *         * * *   * * *    * * *   * * *    * * *
15024434       15024434       GMT-800 Front Auxiliary Propshaft  * * *       * * *
15031215       15031215       GMT-800 Front Auxiliary Propshaft  * * *       * * *

                                        GMT-800 PROPSHAFTS
15711948       15711948       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711949       15711949       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711958       15711958       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711962       15711962       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711968       15711968       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711969       15711969       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711970       15711970       GMT-800 I Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *

                                        GMT-800 PROPSHAFTS
15711978       15034170       GMT-800 2 Piece Propshafts         * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711981       15034169       GMT-800 2 Piece Propshafts         * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711984       15034172       GMT-800 2 Piece Propshafts         * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711991       15034173       GMT-800 2 Piece Propshafts         * * *       * * *         * * *   * * *    * * *   * * *    * * *
15711992       15034176       GMT-800 2 Piece Propshafts         * * *       * * *         * * *   * * *    * * *   * * *    * * *

                                        GMT-810 PROPSHAFTS
15711959       15711959       GMT-810 1 Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15713677       15713677       GMT-810 1 Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *

                                        GMT-820 PROPSHAFTS
15711965       15711965       GMT-820 1 Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *
15712400       15712400       GMT-820 1 Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *

                                        GMT-830 PROPSHAFTS
15713680       15713680       GMT-830 1 Piece Propshaft          * * *       * * *         * * *   * * *    * * *   * * *    * * *

</TABLE>

*    Program change pending engineering/commercial direction.
TBD pricing to be added upon commercial resolution.
05/29/98
<PAGE>   9
                                                                     Page 5 of 6

                           LIFETIME PROGRAM CONTRACT
                                    GMT-800

<TABLE>
<CAPTION>
======================== ============================== ============ ============= ======= ======= ======= ======= ============
                                                                      MODEL YEAR
                                                          04/07/95       * * *                                      SUCCEEDING
      PART NUMBER                                       BASE LO1-PER ANNUAL DAILY   2004    2005    2006    2007       YEARS
 LOI-P/N   CURRENT P/N             DESCRIPTION           UNIT PRICE  TOOL CAPACITY  * * *   * * *   * * *   * * *       0.0%
--------- -------------- ------------------------------ ------------ ------------- ------- ------- ------- ------- ------------
<S>       <C>            <C>                            <C>          <C>           <C>     <C>     <C>     <C>     <C>

                              GMT-800 LINKAGE ASSEMBLY
15710260  15031788       GMT-800 Linkage Assembly           * * *        * * *      * * *   * * *   * * *   * * *       * * *
15710270  15031789       GMT-800 Linkage Assembly           * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712360  15031790       GMT-800 Linkage Assembly           * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712362       N/A       GMT-800 Linkage Assembly           * * *        * * *      * * *   * * *   * * *   * * *       * * *
--------- -------------- ------------------------------ ------------ ------------- ------- ------- ------- ------- ------------

                               GMT-800 IDLER ASSEMBLY
15710272       N/A       GMT-800 Idler Assembly             * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712363       N/A       GMT-800 Idler Assembly             * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712364  15712364       GMT-800 Idler Assembly             * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712365  15712365       GMT-800 Idler Assembly             * * *        * * *      * * *   * * *   * * *   * * *       * * *
--------- -------------- ------------------------------ ------------ ------------- ------- ------- ------- ------- ------------

                                 GMT-800 PITMAN ARM
15712439  26058799       GMT-800 Pitman Arm                 * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712440       N/A       GMT-800 Pitman Arm                 * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712441       N/A       GMT-800 Pitman Arm                 * * *        * * *      * * *   * * *   * * *   * * *       * * *
15712442       N/A       GMT-800 Pitman Arm                 * * *        * * *      * * *   * * *   * * *   * * *       * * *
========= ============== ============================== ============ ============= ======= ======= ======= ======= ============
</TABLE>

* Pricing includes Idler Assy as part of Linkage Assy.

** Pricing is included in the above Linkage Assy due to Program direction to
attach Idler Assy to Linkage. Original LOI stated Linkage at $35.00 and Idler at
$18.20.

05/29/98

<PAGE>   10
                                                                     Page 6 of 6

                           LIFETIME PROGRAM CONTRACT
                                    GMT-800

<TABLE>
<CAPTION>
======================== =============================== ============ ============= ======= ======= ======= ======= ============
                                                                       MODEL YEAR
                                                           05/02/95       * * *                                      SUCCEEDING
      PART NUMBER                                        BASE LO1-PER ANNUAL DAILY   2004    2005    2006    2007       YEARS
 LOI-P/N   PART NUMBER             DESCRIPTION            UNIT PRICE  TOOL CAPACITY  * * *   * * *   * * *   * * *       0.0%
--------- -------------- ------------------------------- ------------ ------------- ------- ------- ------- ------- ------------
<S>       <C>            <C>                             <C>          <C>           <C>     <C>     <C>     <C>     <C>
                           GMT-800 FRONT STABILIZER BARS
15711021  15711021       GMT-800 Front Stabilizer Bar        * * *        * * *      * * *   * * *   * * *   * * *       * * *
15713265  15713265       GMT-800 Front Stabilizer Bar        * * *        * * *      * * *   * * *   * * *   * * *       * * *
15713264  15154185       GMT-800 Front Stabilizer Bar        * * *        * * *      * * *   * * *   * * *   * * *       * * *
--------- -------------- ------------------------------- ------------ ------------- ------- ------- ------- ------- ------------

                            GMT-800 REAR STABILIZER BARS
15153314    15153314     GMT-800 Rear Stabilizer Bar         * * *        * * *      * * *   * * *   * * *   * * *       * * *
15153315    15153315     GMT-800 Rear Stabilizer Bar         * * *        * * *      * * *   * * *   * * *   * * *       * * *
15153316    15153316     GMT-800 Rear Stabilizer Bar         * * *        * * *      * * *   * * *   * * *   * * *       * * *
15713472    15713472     GMT-800 Rear Stabilizer Bar         * * *                   * * *   * * *   * * *   * * *       * * *
======================== =============================== ============ ============= ======= ======= ======= ======= ============
</TABLE>

* Portions of this Exhibit 10.01 were omitted and filed separately with the
Secretary of the Securities and Exchange Commission (the "Commission") pursuant
to an application for confidential treatment filed with the Commission pursuant
to Rule 406 under the Securities Act of 1933, as amended. Such portions are
marked by the symbol "* * *".

* Program change pending engineering/commercial direction.

05/29/98<PAGE>   1

                                                                   EXHIBIT 10.02

                                    AGREEMENT

THIS AGREEMENT, dated as of June 14, 2001 by and between General Motors
Corporation ("GM") and American Axle & Manufacturing, Inc. ("AAM").

Without creating any precedents or waiving any rights under any other agreements
except as expressly provided herein, the parties hereto agree as follows:

1.   GM designates AAM as the * * * Tier I supplier for all of GM's requirements
     for driveline components for the * * * series program, including all
     derivatives thereof based upon the * * * platform, which replace * * *
     series program components, subject to the following:

          a.   The price of * * * series program components set forth in Exhibit
               1 shall be the price as of the date of this agreement of the
               * * * series program component being replaced, giving effect to
               the price reductions set forth in Section 3 below. Such prices
               shall be increased or decreased by the cost of the engineering
               changes ordered by GM in the specifications for such products
               (* * * & * * *) plus a proportional change in profit to AAM. AAM
               and GM agree to pursue jointly achieved cost savings efforts as
               provided in Section 2 below with respect to * * * axles.

          b.   With respect to * * * series program driveline components not
               listed in Exhibit I, including without limitation, modules,
               whether steerable or otherwise, except for steerable beam axles,
               GM shall provide AAM with a right of last refusal with respect to
               such products in accordance with the AAM/GM 30-Day Letter
               Procedure, dated as of July 28, 2000, between GM and AAM.

<PAGE>   2

          c.   All * * * series program products sourced to AAM by GM shall be
               for the life of the program and shall be included in Lifetime
               Program Contracts as set forth in Paragraph 1 of the MOU.

2.   GM hereby designates AAM as the advanced engineering/cooperative source and
     Tier I supplier- systems integrator for the * * * series program including
     all derivatives thereof based upon the * * * platform. Except with respect
     to brakes, AAM shall be design responsible. With respect to potential
     module steering cross member and suspension suppliers, AAM and GM
     engineering shall jointly review and approve their technical capability
     based on key product characteristics. AAM shall be solely responsible for
     the final selection of all suppliers and the terms and conditions of supply
     contracts. AAM and GM each recommit to continue support of the AAM/GM cost
     reduction program as set forth in the MOU and Lifetime Program contracts
     and to work together cooperatively and expeditiously with all appropriate
     resources and to make all decisions timely on joint cost savings ideas, the
     benefits of which shall be shared equally (50/50%) by AAM and GM.

3.   Upon sourcing of the * * * series program to AAM, including all components
     referred to above in Paragraph 1, the following agreements, as set forth in
     (a), (b) and (c) below, will become effective:

          a.   AAM and GM agree to four * * *% reductions on * * * component
               prices commencing January 1, 2002 and each January 1 thereafter
               through January 1, 2005 based on the following: These reductions
               will consist of * * *% annual price reductions on AAM's * * *
               controllable sales (excluding directed buy sales) with the
               balance coming from directed buy suppliers. AAM and GM shall
               jointly seek such price reductions from direct buy suppliers with
               the intention of achieving them by August 1, 2001. All such price
               reductions from directed buy suppliers shall be for the benefit
               of GM. To the extent that such price reductions shall not be
               obtained from directed buy suppliers, AAM shall be under no
               obligation to reduce prices beyond * * *% as set forth

                                                                               2

<PAGE>   3

               above. In addition, AAM will make a payment of $* * * million to
               GM on or before December 31, 2001. This payment will include GM's
               50% share of the next $* * * million of jointly-achieved savings
               implemented after the date of this agreement. These actions shall
               be in lieu of any other price reduction-related payments by AAM
               to GM and shall be in lieu of any other * * * price reductions.

          b.   In the event that AAM is not receiving annual revenue from the
               substitute business referenced in Section 2.K. of the Settlement
               Agreement dated as of July 28, 2000 between AAM and GM in an
               amount of at least $* * * million by December 1, 2002, then GM
               shall pay to AAM an amount based upon a total annual amount of
               $* * * million in proportion to the launch curve for the * * *
               products on or before December 31, 2002 and 2003 and $* * *
               million on or before December 31 of each year thereafter until
               such time as AAM is receiving at least $* * * million annual
               revenue from such substitute business. The amount of incremental
               revenue received by AAM from new AAM content from the module
               assemblies referenced in Section 1.b. above, excluding the amount
               for brakes referenced in Section 2. above, in excess of the
               revenue that would have been received by AAM for the axles such
               modules replace shall be counted against GM's obligation to
               source $* * * million of substitute business to AAM as set forth
               in Section 2.K. of the Settlement Agreement dated as of July 28,
               2000 between AAM and GM. AAM shall be entitled to quote on all
               driveline components of GM and GM alliance partners such as Fiat,
               Isuzu, Subaru, Saab and Suzuki, etc. relating to passenger car,
               truck and crossover vehicles and programs.

                                                                               3

<PAGE>   4

          c.   AAM and GM acknowledge that GM has received the benefit of $84
               million savings, using model year 1996 as the base through model
               year 2000, as the result of AAM's and GM's warranty performance.
               AAM and GM commit to work cooperatively together to continually
               improve GM's warranty performance on AAM products to meet and
               exceed currently projected cumulative increment warranty savings
               of $* * * million in 2001, $* * * million in 2002, $* * * million
               in 2003, $* * * million in 2004 and $* * * million in 2005 based
               on 1996 warranty performance and current assumptions.

GENERAL MOTORS CORPORATION                  AMERICAN AXLE &
                                            MANUFACTURING, INC.

By: /s/ Randall Pappal                      By: /s/ Patrick S. Lancaster
    ------------------------------------        -------------------------------
Title: Director Purchasing                  Title: GVP
       ---------------------------------           ----------------------------
          /s/ Bo Andersson
          EXECUTIVE IN CHARGE

                                                                               4
<PAGE>   5

<TABLE>
<CAPTION>
====================================================================================================
--------                           LIFETIME PROGRAM CONTRACT                          --------------
  logo                                       * * *                                      Exhibit: I
====================================================================================================
                                                                                          5/21/01
                                                                                            PER
    CURRENT P/N                                  DESCRIPTION                            UNIT PRICE
    -----------                                  -----------                            ----------
====================================================================================================
<S>                       <C>                                                        <C>
                                  * * *-AUXILIARY PROPSHAFTS

   * * *                  * * * Front Auxiliary Propshaft                                * * *
   * * *                  * * * Front Auxiliary Propshaft                                * * *
   * * *                  * * * Front Auxiliary Propshaft                                * * *
   * * *                  * * * Front Auxiliary Propshaft                                * * *
   * * *                  * * * Front Auxiliary Propshaft                                * * *
----------------------------------------------------------------------------------------------------

                                       * * * PROPSHAFTS

   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
----------------------------------------------------------------------------------------------------

                                       * * * PROPSHAFTS

   * * *                  * * * 2 Piece Propshafts                                       * * *
   * * *                  * * * 2 Piece Propshafts                                       * * *
   * * *                  * * * 2 Piece Propshafts                                       * * *
   * * *                  * * * 2 Piece Propshafts                                       * * *
   * * *                  * * * 2 Piece Propshafts                                       * * *
   * * *                  * * * 2 Piece Propshafts                                       * * *
   * * *                  * * * 2 Piece Propshafts                                       * * *
----------------------------------------------------------------------------------------------------

                                       * * * PROPSHAFTS

   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
----------------------------------------------------------------------------------------------------

                                       * * * PROPSHAFTS

   * * *                  * * * 1 Piece Propshaft                                        * * *
   * * *                  * * * 1 Piece Propshaft                                        * * *
----------------------------------------------------------------------------------------------------

                                             * * *

   * * *                  * * * 2 Piece Propshaft                                        * * *
====================================================================================================
</TABLE>

                                     1 of 6
<PAGE>   6

<TABLE>
<CAPTION>
====================================================================================================
--------                           LIFETIME PROGRAM CONTRACT                          --------------
  logo                                       * * *                                      Exhibit: I
====================================================================================================
                                                                                          5/21/01
                                                                                            PER
    CURRENT P/N                                  DESCRIPTION                            UNIT PRICE
    -----------                                  -----------                            ----------
====================================================================================================
<S>                       <C>                                                        <C>
                                         * * * 8.6" REAR AXLE

       * * *                  8.6" Rear Axle - 3.08 Std.                                     * * *
       * * *                  8.6" Rear Axle - 3.42 Std.                                     * * *
       * * *                  8.6" Rear Axle - 3.42 L/D                                      * * *
       * * *                  8.6" Rear Axle - 3.73 Std.                                     * * *
       * * *                  8.6" Rear Axle - 3.73 L/D                                      * * *
       * * *                  8.6" Rear Axle - 4.10 Std.                                     * * *
       * * *                  8.6" Rear Axle - 4.10 L/D                                      * * *
       * * *                  8.6" Rear Axle - 3.73 L/D                                      * * *
----------------------------------------------------------------------------------------------------

                                         * * * 8.6" REAR AXLE

       * * *                  8.6" Rear Axle - 3.42 Std.                                     * * *
       * * *                  8.6" Rear Axle - 3.42 L/D                                      * * *
       * * *                  8.6" Rear Axle - 3.73 Std.                                     * * *
       * * *                  8.6" Rear Axle - 3.73 L/D                                      * * *
       * * *                  8.6" Rear Axle - 4.10 Std.                                     * * *
       * * *                  8.6" Rear Axle - 4.10 L/D                                      * * *
----------------------------------------------------------------------------------------------------

                                         * * * 9.5" REAR AXLE

       * * *                  9.5" Rear Axle - 3.42 Std.                                     * * *
       * * *                  9.5" Rear Axle - 3.73 Std.                                     * * *
       * * *                  9.5" Rear Axle - 3.73 L/D                                      * * *
       * * *                  9.5" Rear Axle - 4.10 Std.                                     * * *
       * * *                  9.5" Rear Axle - 4.10 L/D                                      * * *
----------------------------------------------------------------------------------------------------

                                         * * * 9.5" REAR AXLE

       * * *                  9.5" Rear Axle - 3.73 Std.                                     * * *
       * * *                  9.5" Rear Axle - 3.75 L/D                                      * * *
       * * *                  9.5" Rear Axle - 4.10 Std.                                     * * *
       * * *                  9.5" Rear Axle - 4.10 L/C                                      * * *

----------------------------------------------------------------------------------------------------

                                         * * * 10.5" REAR AXLE

       * * *                  10.5" Rear Axle - 3.73 Std.                                    * * *
       * * *                  10.5" Rear Axle - 3.73 L/D                                     * * *
       * * *                  10.5" Rear Axle - 4.10 Std.                                    * * *
       * * *                  10.5" Rear Axle - 4.10 L/D                                     * * *

----------------------------------------------------------------------------------------------------

                                         * * * 10.5" REAR AXLE

       * * *                  10.5" Rear Axle - 3.73 Std.                                    * * *
       * * *                  10.5" Rear Axle - 3.73 L/D                                     * * *
       * * *                  10.5" Rear Axle - 4.10 Std.                                    * * *
       * * *                  10.5" Rear Axle - 4.10 L/D                                     * * *
====================================================================================================
</TABLE>

                                     2 of 6
<PAGE>   7

<TABLE>
<CAPTION>
====================================================================================================
--------                           LIFETIME PROGRAM CONTRACT                          --------------
  logo                                       * * *                                      Exhibit: I
====================================================================================================
                                                                                          5/21/01
                                                                                            PER
    CURRENT P/N                                  DESCRIPTION                            UNIT PRICE
    -----------                                  -----------                            ----------
====================================================================================================
<S>                       <C>                                                        <C>
                               * * * 11.5" SINGLE WHEEL * * * REAR AXLE

       * * *                  11.5" SW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" SW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" SW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 4.10 L/D                                  * * *
       * * *                  11.5" SW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 4.10 L/D                                  * * *
----------------------------------------------------------------------------------------------------

                                * * * 11.5" DUAL WHEEL * * * REAR AXLE

       * * *                  11.5" DW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" DW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" DW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 4.10 L/D                                  * * *
       * * *                  11.5" DW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 4.10 L/D                                  * * *
----------------------------------------------------------------------------------------------------

                               * * * 11.5" DUAL WHEEL * * * REAR AXLE

       * * *                  11.5" SW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" SW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" SW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 4.10 L/D                                  * * *
       * * *                  11.5" SW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" SW Rear Axle - 4.10 L/D                                  * * *
----------------------------------------------------------------------------------------------------

                              * * * 11.5" DUAL WHEEL * * * REAR AXLE

       * * *                  11.5" DW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" DW Rear Axle - 3.73 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 3.73 L/D                                  * * *
       * * *                  11.5" DW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 4.10 L/D                                  * * *
       * * *                  11.5" DW Rear Axle - 4.10 Std.                                 * * *
       * * *                  11.5" DW Rear Axle - 4.10 L/D                                  * * *

====================================================================================================
</TABLE>

                                     3 of 6
<PAGE>   8

<TABLE>
<CAPTION>
====================================================================================================
--------                           LIFETIME PROGRAM CONTRACT                          --------------
  logo                                       * * *                                      Exhibit: I
====================================================================================================
                                                                                          5/21/01
                                                                                            PER
    CURRENT P/N                                  DESCRIPTION                            UNIT PRICE
    -----------                                  -----------                            ----------
====================================================================================================
<S>                  <C>                                                             <C>
                                        * * * 8.25" FRONT AXLE

       * * *         8.25" Front Axle - 3.73                                                 * * *
       * * *         8.25" Front Axle - 4.10                                                 * * *
----------------------------------------------------------------------------------------------------

                                    * * * 8.25" FRONT AXLE - (AWD)

       * * *         8.25" Front Axle - 3.73 (AWD)                                           * * *
       * * *         8.25" Front Axle - 4.10 (AWD)                                           * * *
----------------------------------------------------------------------------------------------------

                                * * * 9.25" FRONT AXLE - (POWER DENSE)

       * * *         9.25" Front Axle - 3.73 (Power Dense)                                   * * *
       * * *         9.25" Front Axle - 4.10 (Power Dense)                                   * * *
====================================================================================================
</TABLE>

                                     4 of 6
<PAGE>   9

<TABLE>
<CAPTION>
====================================================================================================
--------                           LIFETIME PROGRAM CONTRACT                          --------------
  logo                                       * * *                                      Exhibit: I
====================================================================================================
                                                                                          5/21/01
                                                                                            PER
    CURRENT P/N                                  DESCRIPTION                            UNIT PRICE
    -----------                                  -----------                            ----------
====================================================================================================
<S>                  <C>                                                             <C>

                                         * * * STABILIZER BAR

       * * *         Front Stabilizer Bar                                                    * * *
----------------------------------------------------------------------------------------------------

                                         * * * STABILIZER BAR

       * * *         Rear Stabilizer Bar                                                     * * *
       * * *         Rear Stabilizer Bar                                                     * * *

                                         * * * STABILIZER BAR

       * * *         Rear Stabilizer Bar Assembly                                            * * *
====================================================================================================
</TABLE>

                                     5 of 6
<PAGE>   10
<TABLE>
<CAPTION>
====================================================================================================
--------                           LIFETIME PROGRAM CONTRACT                          --------------
  logo                                       * * *                                      Exhibit: I
====================================================================================================
                                                                                          5/21/01
                                                                                            PER
    CURRENT P/N                                  DESCRIPTION                            UNIT PRICE
    -----------                                  -----------                            ----------
====================================================================================================
<S>                  <C>                                                             <C>
                                        * * * LINKAGE ASSEMBLY

       * * *         * * * Linkage Assembly                                                  * * *
       * * *         * * * Linkage Assembly                                                  * * *

                                           * * * PITMAN ARM

       * * *         * * * Pitman Arm                                                        * * *
       * * *         * * * Pitman Arm                                                        * * *

====================================================================================================
</TABLE>

* Portions of this Exhibit 10.02 were omitted and filed separately with the
Secretary of the Securities and Exchange Commission (the "Commission") pursuant
to an application for confidential treatment filed with the Commission pursuant
to Rule 406 under the Securities Act of 1933, as amended. Such portions are
marked by the symbol "* * *".

                                     6 of 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}]]