SOURCE: Kongsberg Automotive Holding ASA

August 14, 2008 03:55 ET

Kongsberg Automotive receives EUR 36m order

KONGSBERG, NORWAY--(Marketwire - August 14, 2008) -


Kongsberg, 14 August 2008.

Kongsberg Automotive Driveline business group has won a contract with a world leading producer of passenger cars and commercial vehicles. The new business includes delivery of manual gear shifters, with the company's patent for cables abutment.

The order value is estimated to be EUR 36 million.

The program name for this contract is X83 Renault Trafic, which is a joint project between GM and Renault. The new model, with the shifter from Kongsberg Automotive, is going to be launched early 2010.

"This is a major achievement for us", says Peter Spencer, President for Driveline Systems at Kongsberg Automotive. Our R&D department started on this project back in 2005. After three years of testing and discussions with the client's engineers, we managed to develop a gear shift system that out-competed our strongest competitor in this segment. This contract proves our ability to design competitive gear shift systems through technological innovation and process improvements", he remarks.


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Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and over 11,000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com.

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FOR MORE INFORMATION, CONTACT:
Peter Spencer
President, Driveline Systems
Phone: +44 7872812370 / +1 2486163116

Ronny Lie
Director Communication
Phone : +4732770511 / +4791610798

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