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Getrag Group and Getrag Ford Transmissions Combine Under Single Brand

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April 6, 2006—Fourteen individual companies in the Getrag Group and Getrag Ford Transmissions, all specializing in transmission systems, drivetrain components and engineering services will be combined under the umbrella of the Getrag Corporate Group.

?Our aim in repositioning ourselves is to strengthen our market position in the global competitive environment and, in doing so, to create the conditions for further expansion,? says Tobias Hagenmeyer, president of the Getrag Corporate Group. ?We are planning a significant expansion of our activities across the world in the area of dual clutch transmissions. We are forecasting production volumes of up to 2.4 million dual clutch transmissions and total output of around 5.5 million transmissions by 2015.?

Getrag also announced that Getrag Jianxi Transmission Co. Ltd., the joint venture between Getrag and the Jiangling Motor Co. Group in Nanchang, China, begins operations later this summer, as soon as the contract review process has been completed. Approximately 2,400 workers at the three production sites in Nanchang, Ganzhou and Yudu in southeast China will produce some 240,000 transmissions. One million of the transmissions components for the Chinese markets are anticipated as well.