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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Edison Investment Research
Provider: Edison Investment Research

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Kongsberg Automotive Holding ASA Announces Contract Win for Delivery of Driveline Systems in South American Market

Wednesday, 26 Jun 2013 10:13am EDT 

Kongsberg Automotive Holding ASA announced that the Company has received an award from a European OEM for the supply of a shift tower system. The shift tower is part of the gear shift linkage between the driver and the gearbox and will be used in B Segment cars, sold in South America. The contract has a total value of EUR 37 million over five years with possible extension. Production supply will start in the second half of 2015 out of our facility in Jundiai in Brazil.