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BRIEF-Kongsberg Automotive awarded EUR 12 mln contract for manual shift systems in China
July 6, 2015 / 9:39 AM / 2 years ago

BRIEF-Kongsberg Automotive awarded EUR 12 mln contract for manual shift systems in China

July 6 (Reuters) - Kongsberg Automotive ASA :

* Kongsberg Automotive’s (KA) Driveline business area has received nomination from a Chinese-European joint venture OEM for the supply of manual shift systems, which will be used in B-segment cars to be sold in China

* The contract has an estimated total value of 12 million euros ($13.27 million) over 5 years

* Production under the contract will start in H2 2016 from Kongsberg Autmotive’s facility in Wuxi, China Source text for Eikon:

Further company coverage: ($1 = 0.9042 euros) (Gdynia Newsroom)

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