Haldex to Deliver AWD System to New Concept Car

5 April 2000

Haldex to Deliver AWD System to New Concept Car

    STOCKHOLM, Sweden--April 5, 2000--Haldex has been awarded the task to deliver the AWD system (All Wheel Drive) for a new concept car which is currently under development by a European car manufacturer. The car will be exhibited towards the end of the current year.
    The assignment confirms Haldex leadership on the market for electronically controlled systems for four-wheel drive.
    In addition to the ongoing serial deliveries to the VW/Audi Group and the recently announced one-billion SEK order for serial deliveries starting 2001/02 from another European car manufacturer, Haldex now works with 7 other car manufacturers in Europe, USA and Japan in different AWD projects.
    Haldex is a global supplier of proprietary products for trucks, cars and industrial vehicles, with special emphasis on performance & safety. The Group is listed on the Stockholm Stock Exchange and has yearly sales of 6 BSEK with 4,150 employees. The Group has sales companies in Europe, North & South America and Asia. Production takes place at 8 factories in Europe, 8 in the U.S. and 1 in India and Brazil.

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