An axial gap dynamoelectric machine comprises first and second stators disposed coaxially with an intermediate rotor. The stators are selectively aligned with an axial offset between the positions of their respective teeth and slots. The stators comprise toroidal cores having laminated layers composed of a material selected from the group consisting of amorphous and nanocrystalline metals and optimized Fe-based alloy. Optionally, the machine further comprises misalignment means for adjusting the offset of the stators. Adaptive adjustment permits the machine to be operated to in a mode that reduces the back EMF of the motor, allowing constant voltage to be maintained as speed is increased. Reducing back EMF also allows a wider range of operating speed, especially in combination with use of high pole counts. Alternatively, the machine can be operated, e.g. at lower speed, in a constant torque mode. The machine may exploit the high pole count achievable by use of improved soft magnetic materials. Also provided are techniques for reducing torque ripple during operation, and also for using the stator offset in combination with a dual full wave bridge rectifier arrangement.