KONGSBERG AUTOMOTIVE SECURES A €38 MILLIONS CONTRACT WITH CHRYSLER IN THE DRIVELINE BUSINESS AREA
Kongsberg Automotive is pleased to announce the award of a Chrysler C-segment Automatic and Manual Transmission Shifter Program that will start in January 2012. The new program will generate approximately EUR 38M through its duration to 2016. This new business award has allowed Kongsberg to obtain a large shifter market share with Chrysler. This specific shifter design will be used as a “common core design” for other platforms. KA is then well positioned to capture these additional future programs such as cross-overs and medium sized sedans. According to Fred Smith, North American