KONGSBERG AUTOMOTIVE TO DELIVER GEAR SHIFT CABLES WORTH EUR 36.5 MILLION (NOK 277 MILLION) TO LEADING GLOBAL CAR MANUFACTURER
“The unique KA cable design will allow for easier vehicle installation at the customer’s assembly line and for the cable to be easily adjusted on the vehicle. We have proven to be a world-class manufacturer of premium shift cables, and this OEM recognizes that, as we position ourselves for future growth with this customer, says Executive VP for Driveline,Joachim Magnusson.
Total vehicle volume is expected to reach between 800,000 and 1 million units annually, and the program is scheduled to launch in April 2013. This contract demonstrates KA’s ability to win Driveline programs at improved margins based on unique functionality.
The shift cables will be produced in the facility inNuevo Laredo,Mexico.