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TRW Automotive Announces Next Generation Steering Systems

PRNewswire-FirstCall
LIVONIA, Mich.
May 25, 2004

TRW Automotive today unveiled its next generation electrically powered hydraulic steering (EPHS) system developed to support vehicle manufacturers applying such systems to larger vehicles. A TRW Automotive subsidiary has secured contracts for the new generation system with two major European vehicle manufacturers, starting production in 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO )

More than 200 models are expected to be fitted with TRW steering systems in the model years 2004 to 2008 ranging from electrically powered steering, through EPHS and hydraulic steering to manual steering systems.

The breakthrough EPHS technology will deliver the benefits of greater fuel economy and lower CO2 emissions associated with electrically powered steering systems (EPS) while delivering the required power, steering feel and packaging options associated with hydraulic systems which some vehicle manufacturers prefer.

Engineering director of EPHS steering systems for TRW Automotive, Dr. Dieter Fehlings, said: "TRW has developed a product that delivers improved fuel efficiency, reduced emissions and greater power output compared to standard EPHS, while retaining the cost benefits of an hydraulic system.

"In tests, the new generation of EPHS system delivers an 80 percent improvement in fuel economy (compared to standard hydraulic steering systems; this reduction in fuel consumption leads to a respective three percent improvement in CO2 emissions).

"The EPHS system also delivers multispeed, positive and responsive steering feel and the possibility for vehicle manufacturers to fine-tune the steering characteristics."

Alistair McQueen, engineering director for EPS systems added: "At the same time we continue to develop our EPS systems -- both column and rack drive systems -- to meet the needs of those customers who are choosing to move straight to this technology for its even better fuel efficiency and packaging benefits. EPS systems offer added functionality such as torque assist and integration with other chassis systems such as braking.

TRW Automotive's column drive EPS systems are in production on Renault, Nissan and Fiat models, with a number of launches planned for this model year.

Product manager, steering, Ken Lowe added: "We are in discussions with a number of customers regarding our rack drive technology that will deliver EPS for D segment vehicles and we are also working to develop enhanced power output for our column drive EPS system for upper C segment models.

"As one of the market leaders, it is our objective to ensure that we have a portfolio to support the complete range of customer requirements today and in the future -- continuously improving performance, packaging, cost and integration opportunities."

About TRW

With 2003 sales of $11.3 billion, TRW Automotive Holdings Corp. (NYSE: TRW) ranks among the world's top 10 automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 61,000 people in 22 countries. TRW 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. 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. 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 the TRW Automotive Holdings Corp. final prospectus dated as of February 2, 2004 (the "Prospectus") filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b)(4), our Report on Form 10-K for the fiscal year ended December 31, 2003 (the "10K") and our Report on Form 10-Q for the quarter ended March 26, 2004 and include: our substantial leverage; the highly competitive automotive parts industry and its cyclicality; pricing pressures from our customers; increasing costs for purchased components and raw materials; non-performance by, or insolvency of, our suppliers; product liability and warranty and recall claims; our dependence on our largest customers; limitations on flexibility in operating our business contained in our debt agreements; increases in interest rates; fluctuations in foreign exchange rates; the possibility that our owners' interests will conflict with ours; work stoppages or other labor issues and other risks and uncertainties set forth under "Risk Factors" in the Prospectus and 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.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com SOURCE: TRW Automotive

CONTACT: Manley Ford of TRW Automotive, +1-734-266-2616; John Wilkerson of TRW Automotive/North America, +1-734-266-3864; or Lynette Jackson of TRW Automotive/Europe/Asia, +44-121-506-5315

Web site: http://www.trwauto.com/


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