Driveline contract in North America and Asia worth EUR 122 million (NOK 1.0 B)
Kongsberg Automotive’s Driveline business area has been nominated by a major North American OEM for supplying automatic transmission (AT) shifters. The contract has an estimated total value of EUR 122 million (NOK 1.0 billion) over its 6 year duration.
The shifters will be used in a C segment Crossover Utility Vehicle (CUV) to be sold globally. The unique design of this shifter will enable compatibility with multiple transmissions across different platforms.
The shifters will be manufactured at Kongsberg’s facilities in Nuevo Laredo, Mexico and Wuxi, China and production under the contract is scheduled to start in the first quarter of 2016.
“It’s very satisfying that our expertise in AT shifter design is recognized by North American OEMs. This nomination is a testament to the value Kongsberg Automotive can bring to customers with our full system capabilities in AT shifter technology, and our global production platform,” said Joachim Magnusson, Executive Vice President for Kongsberg Automotive’s Driveline business.