KA awarded EUR 82 mill. (NOK793 mill.) contract in North America for gear shifter cables
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 SUVs to be sold in North America. The contract has an estimated total value of EUR 82 million over 6 years. Production under the contract will start in the second half of 2018 from KA’s facility in Nuevo Laredo Mexico. These cables are specially developed for a high load duty for gear shift systems, and are not part of KA’s Light Duty Cable business, which the company has announced it will divest. “