AUTO SHANGHAI, China, April 22, 2013 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) has started production with a full range of occupant safety systems for two GAEI (Guangzhou Automotive Engineering Institute) vehicle platforms in China. The Trumpchi Sedan and Trumpchi GS5 SUV both received a 5 star rating from China New Car Assessment Program (NCAP), and TRW was also presented with an 'Excellent Development Supplier' award from GAEI in recognition of its contribution toward the rating.
Norbert Kagerer, vice president engineering, TRW Occupant Safety Systems, commented: "As a leading supplier with the broadest portfolio of safety technologies, TRW is well positioned to support customers with a fully integrated system. This can offer a number of benefits including know-how and expertise from a proven systems supplier; streamlined communications, with a single point of contact; quicker cycle times; and cost efficiency. It means that we can work with our customers more closely throughout the entire process.
"The GAEI award and the 5 star rating is testament to the close collaboration and excellent partnership we have forged, as well as confirmation of the protection offered by TRW's safety technologies."
On both GAEI vehicles, TRW supplies the passenger airbag, driver airbag, side airbag, curtain airbag, front and rear seat belts and the electronic control unit (ECU). As well as the design and manufacture of the products, TRW was responsible for the entire testing program including areas such as hardware simulation, time-to-fire characteristics, tuning, system integration and more – continually optimizing performance.
"This is an excellent example of how we find that we are closely cooperating with our customers in China. As well as GAEI, TRW is working with several other vehicle manufacturers offering a similar range of occupant safety technologies and systems integration expertise. We see the demand for this full systems approach growing in the coming years. Furthermore, as a supplier of braking, steering and electronics products, TRW also has the competencies to integrate our OSS solutions with other active safety systems," added Kagerer.
TRW has expanded its footprint in China considerably to meet the needs of the rapidly growing market. The Company now has more than 20 sites in China, including technical research and development centers, manufacturing and production, corporate facilities and a winter test track. TRW plans to invest in further locations to accommodate increasing testing and validation requirements.
With 2012 sales of $16.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 25 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.
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, 2012 (our "Form 10-K") such as: any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; economic conditions adversely affecting our business, results or the viability of our supply base; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any shortage of supplies causing a production disruption for any customers or us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; the loss of any of our largest customers materially adversely affecting us; commodity inflationary pressures adversely affecting our profitability or supply base; pricing pressures from our customers adversely affecting our profitability; 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 adverse effects on our business, reputation and results from governmental regulations; costs or liabilities relating to environmental, health and safety regulations adversely affecting our results; work stoppages or other labor issues at our facilities or at the facilities of our customers or those in our supply chain adversely affecting our business, results or financial condition; any disruption in our information technology systems adversely impacting our business and operations; 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.