News Releases

TRW Automotive Subsidiary Acquires Motor Production Facility in Slovakia

PRNewswire-FirstCall
BIRMINGHAM, England
(NYSE:TRW)
Aug 7, 2006

BIRMINGHAM, England, Aug. 7 /PRNewswire-FirstCall/ -- A subsidiary of TRW Automotive Holdings Corp. (NYSE: TRW) today announced the acquisition of a Slovakian electric motor production business, Dana Emerson Actuator Systems (DEAS), from Dana Corporation. The terms of the planned acquisition were not disclosed.

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

The business, which employs 455 people, manufactures motors used in electrically assisted steering systems for tier one automotive suppliers including TRW Automotive. The product is a component in TRW's electrically powered steering and electrically powered hydraulic steering systems.

Dave Chew, vice president, European Steering Operations, TRW Automotive, commented: "This represents a strategic acquisition for TRW Automotive. We continue to develop our electrically assisted steering systems business in Europe, North America and Asia Pacific and this operation provides us with an in house source for a key component for a growing technology in our active safety systems portfolio.

"The plant in Nove Mesto, Slovakia, will become an integral part of our European steering operations. We'll continue to develop the technology and production processes to strengthen our market leading range of steering systems."

TRW Automotive supplies electrically assisted steering systems to a number of leading, global automotive manufacturers including Ford, Fiat, General Motors, Renault Nissan and Volkswagen.

Note: The acquisition was by TRW Automotive's Dutch subsidiary, Roadster Automotive BV.

About TRW

With 2005 sales of $12.6 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 63,000 people in 25 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, 2005 (the "10-K") and the Forms 10-Q for the quarter ended March 31, 2006 and the quarter ended June 30, 2006, and include: the possibility that our competitors may develop competing or superior technologies; work stoppages or other labor issues at the facilities of our customers or suppliers; non-performance by, or insolvency of, our suppliers and customers, which may be exacerbated by recent bankruptcies and other pressures within the automotive industry; the inability of our suppliers to deliver products at the scheduled rate and disruptions arising in connection therewith; interest rate risk arising from our variable rate indebtedness (which constitutes the majority of the Company's indebtedness), especially in view of the current climate of rising interest rates; possible production cuts or restructuring by our customers; loss of market share by domestic vehicle manufacturers; efforts by our customers to consolidate their supply base; severe inflationary pressures impacting commodity markets; escalating pricing pressures from our customers; our dependence on our largest customers; our substantial leverage; product liability and warranty and recall claims; limitations on flexibility in operating our business contained in our debt agreements; the possibility that our owners' interests will conflict with ours; 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.

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 Holdings Corp.

CONTACT: Lynette Jackson of TRW, 0121.506.5315, or 07769.643152

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


Email Page Print RSS
email print rss