News Releases

TRW Commercial Steering Signs Long Term Agreement With Daimler Trucks North America

Sep 23, 2014

HANOVER, Germany, Sept. 23, 2014 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW), has announced that it has signed a seven year long term agreement (LTA) with Daimler Trucks North America (DTNA) to be the standard steering system supplier across the DTNA lineup.  TRW will supply Freightliner, Western Star, Thomas Built Bus, and Freightliner Custom Chassis brands with steering gears, pitman arms, linkages, columns and pumps.

Andreas Weller, vice president and general manager, TRW Commercial Steering Systems commented: "We are delighted to have been awarded standard position across the DTNA lineup and look forward to continuing our steering partnership with Daimler. We have an excellent working relationship and have been supplying steering systems and engineering expertise to DTNA for many years and are very pleased to have solidified our partnership with this agreement.

"As the only full system steering supplier in North America, TRW is uniquely positioned to meet the complex needs across the DTNA's portfolio. Furthermore, our manufacturing locations in the US and Mexico are ideally located to efficiently serve DTNA assembly plants.

"With over 100 years of experience with commercial vehicle systems, TRW is the brand of choice of fleets in North America, making TRW an ideal fit as the standard DTNA steering system supplier."

About TRW

With 2013 sales of $17.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 24 countries and employs approximately 65,000 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.

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 could cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (our "Form 10-K") and our Quarterly Reports on Form 10-Q for the fiscal quarter ended March 28, 2014, and June 27, 2014, such as: economic conditions adversely affecting our business, results or the viability of our supply base; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; pricing pressures from our customers adversely affecting our profitability; global competition adversely affecting our sales, profitability or financial condition; any disruption in our information technology systems adversely impacting our business and operations; any shortage of supplies causing a production disruption for any customers or us; the loss of any of our largest customers or a significant amount of their business, or a significant decline in their production levels, adversely affecting us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; our contingent liabilities and tax matters causing us to incur losses or costs; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; commodity inflationary pressures adversely affecting our profitability or supply base; costs  or adverse effects on our business, reputation or results from governmental regulations; work stoppages or other labor issues at our facilities or those of our customers or others in our supply chain adversely affecting our business, results or financial condition; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the U.S. 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.

For further information: Louise Colledge/ TRW Automotive, +44.121.506.5317 / louise.colledge@trw.com, Frauke Hohendahl/ pr people, +49.208.2999.3315/ f.hohendahl@pr-people.de


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