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TRW to Partner With Brakes India for Local Rollout of Slip Control Systems

Jul 13, 2010

LIVONIA, Mich., July 13 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety systems today announced an enhanced technology relationship with its joint venture, Brakes India Limited (BI), the leading manufacturer of automotive and non-automotive braking systems and ferrous castings in India.

(Photo:  http://photos.prnewswire.com/prnh/20100713/DE34066 )

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TRW intends to license slip control systems (SCS) technology to BI to enable them to manufacture and provide local engineering and development capability as part of its service to customers in India.

Peter Lake, TRW's executive vice president for sales and business development, explained:  "TRW's longstanding relationship with BI has been extremely successful.  At present TRW exports complete ABS and electronic stability control (ESC or VSC) units to India, but this license for SCS technology will allow for much greater presence and more effective customer support through BI."

As the world leader in foundation brake systems and a pioneer in electronic braking, TRW continues to create innovative systems that combine proven brake function with advanced electronics.  The Company's electronically controlled braking systems help prevent skids and slides, wheel lock and wheel slippage to help keep drivers in control.

Mr. S Viji, managing director for BI, added:  "Environmental implications are impacting legislation and technology is adapting at record speed to keep pace.  We are extremely excited about the positive impact which these technologies will have on the lives of the car driving public and are proud to be able to harness this technology and roll it out locally."

Brakes India Limited was formed as a joint venture between TRW and the TVS Sundram Group in 1962. Brakes India manufactures a range of foundation brake and actuation components with manufacturing facilities spread across India.

About TRW

With 2009 sales of $11.6 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.

About BRAKES INDIA

With 2009-10 sales of $ 412 million, Brakes India Limited, a joint venture between the TVS Sundram Group and TRW's subsidiary Lucas Industries Limited, is the largest manufacturer of brake components for the automotive sector in India. With its headquarters in Chennai, India, it has two main divisions – Brake and Foundry, employing over 5,000 people.

The product range of the brakes division includes foundation brake equipment comprising brake assemblies and calipers, tandem master cylinders, boosters, wheel cylinders, valves, friction products, hoses, electro-magnetic retarders and other installation parts.  The foundry division manufactures permanent mould ferrous die castings, grey iron and SG castings.

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 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 can 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, 2009 (our "Form 10-K") and in our Report on Form 10-Q for the quarter ended April 2, 2010, such as: the possibility that we may not be able to finalize mutually-acceptable license terms; the financial condition of our customers adversely affecting us or the viability of our supply base; disruptions in the financial markets adversely impacting the availability and cost of credit negatively affecting our business; any shortage of supplies adversely affecting us; any further material contraction in automotive sales and production adversely affecting our results, liquidity or the viability of our supply base; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability or supply base; our dependence on our largest customers; 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; limitations on available cash and access to additional capital due to our substantial debt;  strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; any increase in the expense of our pension and other postretirement benefits or the funding requirements of our pension plans; risks associated with non-U.S. operations, including foreign exchange risks and economic and political uncertainty in some regions; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; assertions by or against us relating to intellectual property rights; the possibility that our largest stockholder's interests will conflict with our or our other stockholders' interests; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the Securities and Exchange Commission. 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.


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