TRW First To Produce Electric Steering In South America; Offers Economic And Environmental Advantages
SAO PAULO, Oct. 7, 2013 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety, is the only major steering manufacturer to produce its advanced electric steering systems locally in Brazil, delivering cost advantages and emissions & fuel economy improvements for its South American customers.
"With the launch of electric steering for Ford's Ecosport and Fiesta models, TRW is bringing clear cost and environmental benefits to automakers in South America," said Peter Lake, executive vice president, sales and business development. "All other major steering manufacturers are importing electric steering systems, and local supply of these systems brings distinct cost advantages."
Meeting increasingly stringent requirements for greenhouse gas emissions reduction – increasingly enforced by South American governments – is another big advantage of electric steering.
TRW offers two electrically powered steering (EPS) solutions to cover the full vehicle platform range, which consume power to any significant degree only when steering assist is needed. The first is the column drive unit which is mounted on the steering column inside the passenger compartment and the second is belt drive where the assist is applied directly to the rack with a belt and ball nut mechanism. Significant fuel economy and CO2 emissions benefits can be realized with both systems when compared with traditional hydraulic power steering. The technology can deliver a fuel saving of 0.3 to 0.4 L/100km, with a corresponding reduction in carbon dioxide emissions of approximately 7-8g/km (based on test data for a 1.6 litre gas engine).
Moises Bucci, president of South America, TRW Automotive, said: "The launch of electric steering in South America continues our efforts to bring all of TRW's highly sophisticated product offerings to Brazil and the wider South America region. As part of locating EPS here, we continue to build an efficient and well-developed supply base to deliver cost improvements – essential to competitiveness and customer service."
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") and our Reports on Form 10-Q for the fiscal quarters ended March 29 and June 28, 2013, such as: any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; the loss of any of our largest customers or the loss of a significant amount of their business materially adversely affecting us; 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; 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 or results; 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.