Haldex secures XWD order from Hyundai

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.