Affinia Group Intermediate Holdings Inc. (AFN) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2006

For Immediate Release			Contact: Mark Trinske Director of Investor, Public & Government Relations Affinia Group Inc. (734) 827-5412

AFFINIA GROUP GROSS PROFIT UP 27% IN 2006

ANN ARBOR, MICHIGAN, March 15, 2007

‘‘Affinia gross profit increased 27%, while sales rose 1.4% as we continue to strengthen our competitive position in the dynamic aftermarket,’’ said Thomas Madden, Affinia’s Senior Vice President and Chief Financial Officer.

2006 Year End

For the fiscal year 2006, sales were $2.16 billion, as compared to $2.13 billion for 2005. This increase reflects strong filtration product and European heavy-duty product sales. The company’s 2006 sales grew 1.4% despite the termination of a customer relationship in early 2006 which reduced sales by $30 million. In addition, the company’s sales increased $39 million related to the impact of foreign currency changes.

Gross profit increased 27% to $376 million in fiscal year 2006, as compared to $295 million for the same period in 2005. This improvement is primarily due to an overall improvement in operational efficiency as a result of the company’s business restructuring.

Selling, general and administrative expenses for fiscal year 2006 were $332 million as compared to $261 million for 2005. The increase was a result of restructuring costs of $39 million and the expenses related to establishing and staffing a new corporate headquarters for the company, Sarbanes-Oxley implementation, and selling expenses related to new business gains.

Net income for the year ended December 31, 2006 improved by $25 million to a loss of $5 million, as compared to a loss of $30 million for the year ended December 31, 2005.

As of December 31, 2006 Affinia had $70 million of cash. Total long-term debt outstanding as of December 31, 2006 was $597 million, a decrease of $15 million from the year ended December 31, 2005. Affinia had no borrowings under the company’s receivables securitization program at December 31, 2006. At December 31, 2006 Affinia continued to be in compliance with all covenants in its senior credit agreement including financial covenants consisting of a cash interest expense ratio, a leverage ratio, and a maximum annual capital expenditure.

‘‘This year, Affinia continued to implement its restructuring plan with great success. Costs were down; and sales and gross profitability were up during this transitional period. We now look ahead to completing our restructuring plan, which will significantly strengthen our position as a cost competitive global manufacturer,’’ said Terry McCormack, Affinia Group’s President and Chief Executive Officer.

Fourth Quarter

For the fourth quarter 2006, sales were $502 million, as compared to $514 million for the fourth quarter of 2005.

Gross profit for the quarter increased 45% to $87 million, as compared to $60 million for the fourth quarter of 2005.