Haldex receives nomination for an additional global All-Wheel Drive platform, increasing the total value of the account with 800 MSEK to 2 BSEK

Haldex will supply the latest generation of its Haldex Limited Slip Coupling (Haldex LSC) and Electronic Limited Slip Differential (Haldex eLSD) to two major light-vehicle platforms, starting 2008.

Following the initial breakthrough last year as announced on October 26 in 2005, Haldex has won sourcing for a second global All-Wheel Drive platform from a leading Tier 1 supplier. Deliveries are scheduled to start in 2008 and the estimated combined value of the business for both platforms amounts to 2 BSEK. The Haldex LSC and eLSD product range offers a powerful platform solution to Tier 1 or OEM customers by allowing for hardware utilization and modularization across brands, thus eliminating cost and complexity. Customization is achieved through employment of trademarked controls and algorithms, developed in-house by Haldex Engineering. Haldex will use its existing global manufacturing footprint to serve the vehicle programs slated for production but will significantly increase installed capacity in Mexico to meet requirements for North America. “The nomination reconfirms Haldex’s position as a leading source for innovation in the area of All-Wheel Drive, backed with the Group’s global manufacturing capability. Haldex pride itself in bringing cutting edge technologies to the market and creating competitive advantage to its immediate customers“ says CEO and President of the Haldex Group, Joakim Olsson. For further information please contact Joakim Olsson, phone +46 8 545 049 50.