Haldex to deliver AWD system to new concept car

Haldex to deliver AWD system to new concept car 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. For further information contact Claes Warnander, phone +46 8 678 72 70. April 5, 2000 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/05/20000405BIT00340/bit0001.doc http://www.bit.se/bitonline/2000/04/05/20000405BIT00340/bit0002.pdf