Brembo wins Toyota contract for new Lexus model

April 15, 2007 - 0:0
MILAN (Reuters) -- Italian auto parts maker Brembo said it had won a deal with Toyota Motor to supply parts for a new model under the Japanese automaker's Lexus premium brand.

Brembo said in a statement it would make the braking system for the Lexus IS-F 350, production of which is scheduled to begin in the second quarter of 2007.

Brembo Chairman Alberto Bombassei said he expected the contract to give a boost to revenues this year.

The contract is Brembo's first with Toyota.

Its stock was up 2.83 percent at 10.54 euros in Milan.