KA awarded EUR 24 million (NOK208 mill.) Driveline contract in North America
Kongsberg Automotive’s (KA) Driveline business area has received nomination from a major North American OEM for the supply of Automatic gear shifter cables, which will be used in Full-Size pick-up trucks to be sold in North America.
The contract has an estimated total value of EUR 24 million over 3 years. Production under the contract will start in the second half of 2017 from Kongsberg Automotive’s facility in Nuevo Laredo Mexico.
“The contract from this major and highly valued OEM in North America confirms again Kongsberg Automotive’s leading global position in automatic shift cables. It also demonstrates the result of our increased focus on North America which is important for our growth”, said Joachim Magnusson, Executive Vice President for Kongsberg Automotive Driveline Systems.