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TRW Automotive Aftermarket and ArvinMeritor Announce Shock Absorber Distribution Joint Venture

Oct 15, 2007

PARIS, Oct. 15 /PRNewswire-FirstCall/ -- Equip'Auto -- TRW Automotive Aftermarket, a business of TRW Automotive Holdings Corp. (NYSE: TRW), has today entered into an agreement to create a Joint Venture with ArvinMeritor (NYSE: ARM) to distribute Gabriel and TRW branded shock absorber ranges for the European independent aftermarket. The intention is for the Joint Venture to begin operation and distribution in January 2008.

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Francois Augnet, vice president for TRW Automotive Aftermarket Europe and Asia Pacific, said: "Shock absorbers are an integral element of our core chassis portfolio. We already offer a comprehensive TRW branded range to our European customers and are committed to enhancing it with the Gabriel programme to maintain and develop our leading chassis position in the European aftermarket."

Augnet continued: "By combining the strengths of ArvinMeritor's engineering and manufacturing competencies and the Gabriel brand name with TRW's extensive sales and distribution network we are confident that we can roll out successful shock absorber programmes for the European independent aftermarket."

With the recent sale of its European exhaust aftermarket business, ArvinMeritor has sharpened its focus on original equipment manufacturer (OEM) systems engineering. This includes a renewed emphasis on its global ride control business.

With the Joint Venture, TRW and ArvinMeritor will jointly control the future marketing, sales and distribution of the Gabriel and TRW aftermarket programmes throughout Western, Central and Eastern Europe.

Marlen Silverii, general manager for ArvinMeritor's global ride control aftermarket business added: "This is a great example of how both partners can share in the investment, as well as reap the benefits. The Gabriel aftermarket product line is technically very strong, and when partnered with TRW's growing aftermarket presence, it will offer our aftermarket customers a strong chassis alternative."

About TRW

TRW Automotive Aftermarket is a leading provider of high quality replacement parts, service, diagnostics and technical support to both the independent aftermarket (IAM) and the vehicle manufacturer service (VMS) channels.

About TRW

With 2006 sales of $13.1 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 28 countries and employs approximately 63,800 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

About ArvinMeritor

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets.

Headquartered in Troy, Mich., ArvinMeritor employs approximately 19,000 people in 25 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at

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, 2006 (the "10-K"), and Reports on Form Q for the quarter ended March 30, 2007, and June 30, 2007 and include: production cuts or restructuring by our major customers; 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; loss of market share by domestic vehicle manufacturers; efforts by our customers to consolidate their supply base; severe inflationary pressures impacting the market for commodities; escalating pricing pressures from our customers; our dependence on our largest customers; fluctuations in foreign exchange rates; our substantial leverage; product liability and warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; 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.

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SOURCE: TRW Automotive Holdings Corp.

CONTACT: Louise Colledge of TRW Automotive Aftermarket Europe,
+44-121-5065440, or Malte Raddatz of ArvinMeritor, +49-175-368-3001

Web site:

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