LAKE FOREST, Ill., Nov. 13, 2019 /PRNewswire/ -- Buyers of the
Polestar 2 electric performance fastback will be able to select
from two leading-edge ride performance technologies from DRiV™:
shocks and struts equipped with Monroe® RideRefine™ RC1
frequency-dependent damping valve; and an optional performance
package featuring the Ӧhlins DFV (Dual Flow Valve) adjustable
dampers. DRiV is a Tenneco Inc. (NYSE: TEN) business and leading
global aftermarket and ride performance supplier. The first
all-electric model from the electric performance car brand of Volvo
Car Group and Zhejiang Geely Holding, the Polestar 2 will begin
production in early 2020 in Luqiao, China.
"This is truly a performance vehicle with unique requirements
for driving agility and comfort," said Nik
Endrud, group vice president and general manager, DRiV Ride
Control. "By relying exclusively on DRiV's latest ride performance
technologies, the Polestar 2 engineering team has helped ensure
that every version of this impressive new vehicle will deliver an
exciting and extremely enjoyable driving experience."
The standard Polestar 2 ride performance package will include
shock absorbers equipped with the Monroe RideRefine RC1 valve,
which operates in concert with the dampers' main valves to deliver
a highly refined ride experience in sports cars, luxury vehicles
and SUVs. The RC1 valve utilizes frequency dependent damping
technology to smooth out high-frequency wheel motions caused by
rough roads. This reduces vehicle body motion and noise for a more
comfortable ride without compromising tire grip, vehicle handling
and direct steering response. The add-on valve can be tuned to meet
manufacturers' desired ride experience for each vehicle.
The Ӧhlins DFV dampers offered in the Polestar 2's optional
performance package enable vehicle owners to tailor chassis damping
and ride quality to road condition, driving style and other
variables.
About DRiV™ - the future Aftermarket and Ride Performance
Company
Following the expected separation of Tenneco to form
two independent companies, an Aftermarket and Ride Performance
company (DRiV™) as well as a new Powertrain Technology company,
DRiV will be one of the largest global multi-line, multi-brand
aftermarket companies, and one of the largest global OE ride
performance and braking companies. DRiV's principal product brands
will feature Monroe®,
Ӧhlins®, Walker®, Clevite®
Elastomers, MOOG®, Fel-Pro®,
Wagner®, Ferodo®, Champion® and
others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from
aftermarket and 46% from original equipment customers.
Safe Harbor
This release contains forward-looking
statements. These forward-looking statements include, among others,
statements relating to our plans to separate into two independent
public companies. Forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
to materially differ from those described in the forward-looking
statements, including the possibility that Tenneco may not complete
the spin-off of the Aftermarket & Ride Performance business
from the Powertrain Technology business (or achieve some or all of
the anticipated benefits of such a spin-off); the possibility that
the acquisition of Federal-Mogul or the separation may have an
adverse impact on existing arrangements with Tenneco, including
those related to transition, manufacturing and supply services and
tax matters; the ability to retain and hire key personnel and
maintain relationships with customers, suppliers or other business
partners; the risk that the benefits of the acquisition of
Federal-Mogul or the separation, including synergies, may not be
fully realized or may take longer to realize than expected; the
risk that the acquisition of Federal-Mogul or the separation may
not advance Tenneco's business strategy; the risk that Tenneco may
experience difficulty integrating all employees or operations; the
potential diversion of Tenneco management's attention resulting
from the separation; as well as the risk factors and cautionary
statements included in Tenneco's periodic and current reports
(Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. Unless otherwise indicated, the forward-looking
statements in this release are made as of the date of this
communication, and, except as required by law, Tenneco does not
undertake any obligation, and disclaims any obligation, to publicly
disclose revisions or updates to any forward-looking statements.
Additional information regarding these risk factors and
uncertainties is detailed from time to time in the company's SEC
filings, including but not limited to its annual report on Form
10-K for the year ended December 31,
2018.
Media
contacts:
|
|
|
|
Bill
Dawson
|
Simonetta
Esposito
|
Media Relations –
North America
|
Media Relations –
Europe
|
847
482-5807
|
32 (0) 2 706
9232
|
bdawson@driv.com
|
sesposito@driv.com
|
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SOURCE DRiV