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TRW Automotive Launches Production of Steering and Occupant
Safety Systems for New Ford Focus in China
LIVONIA, Mich., Jan. 19 /PRNewswire-FirstCall/ -- TRW Automotive Holdings
Corp. (NYSE: TRW - News), the global leader in automotive safety systems,
announced today that the Company's operations in China have launched production
of steering and occupant safety systems and components for the new Ford Focus
model built at Chang'an Ford in Chongqing, China.
Recently named as one of Ford's preferred strategic suppliers, TRW has worked
with its Ford Engineering partners in several regions on the Focus platform
including Europe where the Focus earned a five-star EuroNCap crash rating.
In China, Shanghai TRW Automotive Safety Systems Co., Ltd. (STASS), a joint
venture between the Company and Shanghai Automotive Industry Corporation,
supplies occupant safety products including driver and passenger airbag modules
and seatbelt systems and components for the Focus.
Steering products for the new model are supplied by TRW Automotive Components
(Shanghai) Co., Ltd. (TACS), a wholly-owned indirect subsidiary of the Company,
at its manufacturing facility in Shanghai.
A major steering technology featured on the Focus is TRW's electrically powered
hydraulic steering (EPHS). The world's leading supplier of electrically assisted
steering products, TRW has provided a full-range of steering technologies
from hydraulic rack and pinion to EPHS and electrically powered steering (EPS)
to support Ford's global platforms.
As part of TRW's comprehensive portfolio of electrically assisted steering
systems, EPHS eliminates belts, pulleys and all direct connection with the
engine, combining an advanced brushless motor, hydraulic power steering pump,
electronic unit and reservoir into an easy to install unit. EPHS is an ideal
steering solution for hybrid electric vehicles, and all electric steering
systems offer enhanced fuel efficiency because they consume power only when
steering assist is required.
The Focus has been one of Ford Motor Company's biggest passenger car successes,
winning more than 75 medals including many top-selling vehicle awards in North
America and Europe since its launch in 1998. Ed Carpenter, vice president,
Asia Pacific, expressed enthusiasm towards the partnership, "TRW is delighted
to be part of the China launch of this important platform. We take great pride
in helping to develop leading-edge technologies with our engineering counterparts
at Ford for outstanding vehicles like the Focus."
About TRW
With 2004 sales of $12.0 billion, TRW Automotive ranks among the world's
leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the
Company, through its subsidiaries, employs approximately 60,000 people in
24 countries. TRW Automotive products include integrated vehicle control and
driver assist systems, braking systems, steering systems, suspension systems,
occupant safety systems (seat belts and airbags), electronics, engine components,
fastening systems and aftermarket replacement parts and services. All references
to "TRW Automotive," "TRW" or the "Company"
in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries,
unless
otherwise indicated. TRW Automotive news is available on the Internet at
http://www.trwauto.com .
Forward Looking Statements
This release contains statements that are not statements of historical fact,
but instead are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All forward-looking statements involve
risks and uncertainties. Our actual results could differ materially from those
contained in forward-looking statements made in this release. Such risks,
uncertainties and other important factors which could cause our actual results
to differ materially from those contained in our forward-looking statements
are set forth in our Report on Form 10-K for the fiscal year ended December
31, 2004 (the "10-K") and our Reports on Form 10-Q for the quarters
ended April 1, July 1 and September 30, 2005, and include: possible production
cuts or restructuring by our customers; efforts by our customers to consolidate
their supply base; escalating pricing pressures from our customers; severe
inflationary pressures impacting commodity markets; non-performance by, or
insolvency of, our suppliers and customers, which may be exacerbated by recent
bankruptcies; our substantial leverage; interest rate risk arising from our
variable rate indebtedness; product liability and warranty and recall claims;
our dependence on our largest customers; loss of market share by domestic
vehicle manufacturers; fluctuations in foreign exchange rates; the possibility
that our owners' interests will conflict with ours; work stoppages or other
labor issues at our facilities or at the facilities of our customers or suppliers
and other risks and uncertainties set forth under "Risk Factors"
in the 10-K and in our other SEC filings. We do not intend or assume any obligation
to update any of these forward-looking statements.
Source: TRW Automotive Holdings Corp.
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