Haldex secures XWD order from Hyundai Haldex has landed a prototype order from Korean automobile manufacturer Hyundai-KIA Motors, which features the Haldex Generation IV coupling and the Haldex XWD, an electronic Limited Slip Differential. Haldex will supply Hyundai, for a prototype installation, with an electronic AWD system, based on the fourth generation of its established Haldex Limited Slip Coupling and the all-new, evolutionary Haldex electronic Limited Slip Differential (Haldex XWD) developed from the Haldex product platform of limited slip differentials. Employed in conjunction with the Haldex coupling, the electronically controlled add-on module integrates into the power and control systems of the longitudinal device thus offering a flexible and cost-effective solution for further enhanced vehicle dynamics. It can be optionally used in vehicle product lines to control the side-to-side torque distribution and constitutes an efficient alternative to brake-based systems that dissipate power for control. The limited weight and size maximizes performance with minimal impact on fuel economy. For more detailed information regarding Haldex XWD: www.haldex-xwd.com. “The cooperation with Hyundai-KIA Motors manifests our commitment to meet customer needs through innovation and is a first step for the Haldex coupling into the Asian market,” says CEO and President of the Haldex Group, Joakim Olsson. Driving characteristics and vehicle dynamics are key differentiation factors and represent part of the brand for vehicle manufacturers at a time when cooperation between various manufacturers is increasing in order to reduce costs. In the four-wheel drive segment, Haldex is very advanced and correctly positioned for meeting various requests from vehicle manufacturers for sophisticated AWD systems. With its controllable AWD systems, Haldex is well established as a supplier to the VW brands Audi, Bugatti, SEAT, Skoda and VW, the Ford Motor Company's Landrover Freelander and Volvo, as well as future models from General Motors. Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly 8 billion SEK with 6,000 employees For additional information, please contact Joakim Olsson, President and Group CEO, phone. +46 8 545 049 52 or +46 70 545 86 54 or Stefan Johansson, CFO, phone. +46 8 545 049 52 or +46 70 224 24 01. Haldex discloses the information in this press release according to the Swedish Securities Market Act and/or the Swedish Financial Trading Act. The information was provided for public release on Friday, 23 November 2007 at 8.30am CET.
Haldex secures XWD order from Hyundai
| Source: Haldex AB