As a final step in the earlier announced Cost-Reduction Program, Haldex conducted a review of Commercial Vehicles Systems’ (CVS) production structure in North America. The review resulted in measures for a further concentration of CVS’ North American manufacturing to the Haldex plant in Monterrey, Mexico.

The Haldex Board of Directors will propose a reorganisation of the divisions of Haldex, so that the Haldex shareholders will subsequently own shares in three separate listed companies instead of a single company. The intention is to submit this proposal to shareholders at the AGM in the second quarter of 2011

Haldex has secured an order for a new design of Air Disc Brakes from SAFHolland, a global manufacturer of trailer axles and suspension systems.

Haldex AB has completed the divestment of its operations in Qingzhou, China, which manufacture hydraulic pumps and valves based on existing Chinese technology.

Volkswagen chose to test the new electro hydraulic differential lock from Haldex under the toughest conditions in one of its three racing Sciroccos that VW Motorsport entered on the 24-Hour Nürburgring race on May 15 – 16

Haldex annual report for 2009 has been published and is available at our website.

The business awarded is a continuation of the existing business with Volvo cars.

The shareholders of Haldex AB are hereby invited to attend the Annual General Meeting to be held at 4.00 p.m. CET on Thursday 15 April 2010, in Summit’s conference facilities, Grev Turegatan 30, Stockholm.