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TRW Automotive Wins Full Braking Contract for New Toyota Corolla

PRNewswire-FirstCall
BIRMINGHAM, UK
Feb 28, 2002

TRW Automotive today announced a contract win of $75 million from Toyota to supply the full foundation brake system for the new UK-built Toyota Corolla. The contract value is an estimated amount over the life of the vehicle program. This contract brings TRW's annual sales for braking products to approximately $1.5 billion.

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

This contract is TRW's first full foundation braking systems contract with Toyota. TRW has supplied braking components for the previous Corolla model. Calipers and parking brakes will be supplied from TRW's plant in Pontypool, UK and actuation from its plant in Gliwice, Poland, providing these plants with substantial volume increases. In addition, TRW provides side impact crash sensors for the Corolla from its facility in Marshall, Ill.

John Plant, president and chief executive officer, TRW Automotive, said: "Our project team has worked very closely with Toyota who set demanding criteria for gaining this business. We have worked extremely hard to meet the customer's exacting expectations and hope that this work sets the foundations for future opportunities with Toyota.

"This contract is excellent news for our Pontypool and Gliwice braking plants, providing us with the opportunity of further developing our relationship with Toyota -- the fourth largest vehicle manufacturer in the world."

The new Corolla was designed specifically for the European market in five different body-styles, including a three-door hatchback, a five-door hatchback, a saloon, an estate and for the first time a Multi-Purpose Vehicle (MPV), the Corolla Verso.

TRW Automotive is a world leader in braking systems, steering systems, occupant safety systems, electronics, fastening systems, engine valves and aftermarket replacement parts for the global automotive industry. TRW Inc. (NYSE: TRW) provides advanced technology products and services to the automotive, aerospace and information technology markets. The company's 2001 sales were $16.4 billion. TRW news is available on the Internet at www.trw.com .

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NewsCom: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, 888-776-6555 or 212-782-2840 SOURCE: TRW Automotive

Contact: Juli Ballesteros/TRW (USA), +1-703-345-9053, or Lynette Jackson/TRW (Europe), +44-121-506-5315, both of TRW Automotive

Website: http://www.trw.com/


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