Fourth generation four-wheel drive from Haldex in new platform from Volkswagen Haldex receives new order from Volkswagen for four-wheel drive system, expanding previous order from 2004. Haldex is to supply its electronic four-wheel drive system, which is based on the fourth generation Haldex coupling, for a new platform from Volkswagen. Deliveries are expected to commence in the autumn of 2008. The new order is an extension of the existing program for the Volkswagen Group and is valued at EUR 8 million. The new platform is the first in its segment for Haldex. The four-wheel drive system will be manufactured and delivered from the Haldex plant in Landskrona. “Haldex supplies intelligent four-wheel drive systems to three major vehicle manufacturing groups, VW, Ford Motor Company and General Motors. The expanded order we received today is confirmation that a major and important customer such as Volkswagen continues to have confidence in Haldex as a supplier of world-leading technology,” says Joakim Olsson, President and CEO of Haldex AB. For further information, please contact: Joakim Olsson, President and CEO, Tel: +46 (0)8-545 049 50 or Ulf Ahlén, Head of Traction Systems, Tel: +46 (0)418-47 65 31. 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. 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 Thursday, 3 January 2008.
Fourth generation four-wheel drive from Haldex in new platform from Volkswagen
| Source: Haldex AB