LIVONIA, Mich., June 29, 2011 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) ), the global leader in active and passive safety, today unveiled a folding steering wheel concept which retracts into the dashboard to improve driver comfort getting in and out of a vehicle.
Manuel Poyant, development manager, Steering Wheel Systems and Driver Airbags, said: "The automotive industry is being influenced by some key factors such as a more active older population and the growth of mega cities. As a result, vehicle manufacturers and suppliers need to find innovative solutions to improve driver accessibility and interior styling for smaller cars (A and B platform as well as electric cars).
"The foldable steering wheel concept is a prime example of technology that allows easier access for elderly people and those faced with mobility challenges."
The futuristic design of the retractable steering wheel was developed following an internal study for future steering wheel requirements. It features two retractable handles that close fully to create a smaller shape which then folds away into the dashboard - significantly improving driver comfort and accessibility. When the vehicle is started, the steering wheel deploys into the driving position which can be pre-set and saved by any driver into their chosen position.
Poyant continued: "This technology could offer tangible, practical benefits in addition to the styling freedom it provides. The key benefit is to make it much easier for elderly drivers or other drivers with reduced mobility to get in and out of the vehicle. Due to the significant growth of small city cars, this technology could open up the possibility for even smaller cabin designs.
Our customers have shown interest in the concept and the introduction of this technology could be possible within the next 5 years."
With 2010 sales of $14.4 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.
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 Report on Form 10-K for the fiscal year ended December 31, 2010 (our "Form 10-K") and our report on Form 10-Q for the fiscal quarter ended April 1, 2011, such as: any shortage of supplies causing a production disruption due to the events in Japan or otherwise; tighter financial markets adversely impacting the availability and cost of credit negatively affecting our business; a material contraction in automotive sales and production adversely affecting our results or the viability of our supply base; commodity inflationary pressures adversely affecting our profitability or supply base; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; pricing pressures from our customers adversely affecting our profitability; increasing costs negatively impacting our profitability; the loss of any of our largest customers materially adversely affecting us; 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 adversely affecting our results; risks associated with non-U.S. operations adversely affecting our business, results or financial condition; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; any increase in the expense of our pension and other postretirement benefits or the funding requirements of our pension plans reducing our profitability; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers adversely affecting our operations; volatility in our annual effective tax rate resulting from a change in our valuation allowances position or other factors; 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.