TRW to Highlight 'Safety for Everyone' at IAA Motor Show 2011
LIVONIA, Mich., July 26, 2011
LIVONIA, Mich., July 26, 2011 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) today announced plans to highlight its commitment to 'the safety everyone deserves' at this year's Internationale Automobil-Ausstellung (IAA), International Motorshow, in Frankfurt, Germany, from 13 – 25 September. The Company will demonstrate how it is developing advanced safety technologies suitable for all vehicle platforms, in all markets.
TRW's latest developments will be unveiled at the show including a new generation of radar technology – a short range, dual antenna radar for 360 degrees sensing applications, and a vacuum independent, future brake boost & control system, which can simplify the brake system while enhancing functionality.
John Plant, TRW Automotive chairman and chief executive officer, explained: "We're using IAA this year as a platform to highlight our latest innovations in intelligent or 'cognitive' safety, with an emphasis on how we are meeting the needs of consumers in both developed and emerging markets with affordable solutions. We are committed to deliver the safety everyone deserves.
"As vehicle manufacturers move toward global platforms, we are increasingly delivering modular solutions which can be easily adapted to suit local market needs. Approximately 75 percent of new vehicles produced today are global platforms, and a high proportion of TRW's current sales are in support of such platforms. We have developed a range of modular and scalable components and systems which are already in production on several models and we continue to innovate new solutions in this direction."
Examples of TRW's modular technologies include its electronic stability control (ESC) family; its scalable camera systems; modular airbag kits; and latest generation electrically powered steering systems.
Plant added: "Similar cars – even those from the same company – frequently have different equipment level requirements for, say, North America, Europe and China. It is essential that we can help our customers to meet the needs of all their markets in a very short space of time and without adding significant cost.
"We are proud of a number of new developments that we'll unveil at the Frankfurt Motor Show, which demonstrate how TRW is building on its position as a global leader in safety."
The Company's exhibit at the Frankfurt IAA show in September will bring TRW's capabilities to life through high tech presentations, demonstrations and simulations. The stand can be found at booth F20 in Hall 8.
With 2010 sales of $14.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 26 countries and employs over 60,000 people worldwide. 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 www.trw.com.
This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which could cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2010 (our "Form 10-K"), our report on Form 10-Q for the fiscal quarter ended April 1, 2011, and our other filings with the U.S. Securities and Exchange Commission (the "SEC"), such as: any developments related to antitrust investigations adversely affecting our results, cash flows, financial condition or reputation; any shortage of supplies causing a production disruption due to the events in Japan or otherwise; tighter financial markets adversely impacting the availability and cost of credit negatively affecting our business; a material contraction in automotive sales and production adversely affecting our results or the viability of our supply base; commodity inflationary pressures adversely affecting our profitability or supply base; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; pricing pressures from our customers adversely affecting our profitability; increasing costs negatively impacting our profitability; the loss of any of our largest customers materially adversely affecting us; costs of product liability, warranty and recall claims and efforts by customers to adversely alter contract terms and conditions concerning warranty and recall participation; costs or liabilities relating to environmental, health and safety regulations adversely affecting our results; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; any increase in the expense of our pension and other postretirement benefits or the funding requirements of our pension plans reducing our profitability; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers adversely affecting our operations; volatility in our annual effective tax rate resulting from a change in our valuation allowances position or other factors; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the SEC. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.
SOURCE TRW Automotive Holdings Corp.