Arrival of Polestar 2 Electric Vehicle Features Ӧhlins® Performance Suspension Option

Upplands Väsby, Sweden, June 24, 2020 – The much anticipated Polestar 2 all-electric performance fastback is on its way to retail showrooms – beginning this summer with 10 markets across Europe, China and North America. This marks an important achievement not only for its maker, Polestar– owned by Volvo Car Group and Zhejiang Geeling Holding – but also DRiVTM and its Ӧhlins® Advanced Suspension Technologies team which co-developed the adjustable suspension dampers available in the vehicle’s optional Performance Pack.

“We are thrilled for the arrival of the Polestar 2 and to be able to offer vehicle owners the opportunity to help shape their ride for road conditions, driving style and other variables by choosing the Performance Pack,” said Henrik Johansson, managing director, Öhlins Racing, a DRiV™ Company.  “We are confident consumers will recognize that this remarkable car is made even more enjoyable and exciting with the addition of world-class Ӧhlins suspension components.”

The Polestar 2 Performance Pack includes Ӧhlins DFV (Dual Flow Valve) adjustable front struts and rear shock absorbers. These innovative dampers enable vehicle owners to adapt chassis damping and ride quality to their own preferences. Enhanced control of damper settings allow the Polestar 2’s wheels to maintain outstanding grip and traction, resulting in a more responsive and enjoyable ride.

Built in Luqiao, China, the Polestar 2 all-electric fastback provides 408 horsepower, 487 pound-feet of torque and a single-charge operating range of 292 miles.

“We are proud to be supporting Polestar in the launch of this new generation of all-electric vehicle, and we expect DRiV’s Ӧhlins and Monroe® Intelligent Suspension technologies to play significant roles in delivering the premium ride experience consumers will expect from these vehicles,” Johansson said.

About Öhlins®:

Acquired by Tenneco in 2019, Öhlins Racing has been an integrated part of the motorsport industry as well as the motorcycle and automotive industry for over 40 years. Our focus has always been on high-quality products, service and support, all the way from the MotoGP circuits to the local, national racing events in over 50 distributing countries.

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About Tenneco

Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s leading designers, manufacturers and marketers of Aftermarket, Ride Performance, Clean Air and Powertrain products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway, industrial and the aftermarket, with 2019 revenues of $17.45 billion and approximately 78,000 employees worldwide. On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket.  In the future, the company expects to separate its divisions to form two new, independent companies: DRiV, an Aftermarket and Ride Performance company, and New Tenneco, a Powertrain Technology company.

Safe Harbor

This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our execution of objectives and plans to separate into two independent 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 course of the COVID-19 pandemic and its impact on general economic, business and market conditions, our ability (or inability) to execute on our plans to respond to the COVID-19 pandemic and our previously announced Accelerate plan and to realize the anticipated benefits of these actions, our financial flexibility in addressing the impact of the COVID-19 pandemic, our ability to maintain compliance with the agreements governing our indebtedness and otherwise have sufficient liquidity through the COVID-19 pandemic, the possibility that Tenneco may not complete the separation of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a separation); the possibility that 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 separation may not be fully realized or may take longer to realize than expected; the risk that the separation may not advance Tenneco’s business strategy; 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, 2019 and quarterly report on Form 10-Q for the quarter ended March 31, 2020.

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Simonetta Esposito
Senior Communications Manager DRiV