LIVONIA, Mich. – TRW Automotive Holdings announced that its wholly owned subsidiary TRW Automotive Inc. (TAI) intends to privately offer $400 million in aggregate principal amount of senior unsecured notes due 2023.
TAI intends to use the proceeds from the offering for general corporate purposes, including the retirement of its 2014 senior unsecured notes that mature in March 2014.
Seventy new parts have been added to the INA, LuK and Schaeffler Bearings portfolios in the first quarter of 2024.
Schaeffler Group USA has expanded its parts offerings for vehicles in the United States and Canada, adding over 70 new parts to the INA, LuK and Schaeffler Bearings portfolios in the first quarter of 2024. These additions expand application coverage to an additional 30 million vehicles in operation, the company said.
The new products cover more than 1,994,760 applications and model years 2016-2024.
U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.
Bendix said it is transforming its distribution center into a state-of-the-art facility and consolidating dampers manufacturing into a single, larger space.
The 33,000-square-foot facility is strategically positioned near major transportation hubs, providing optimal access to raw materials and speeding shipment of finished goods to all U.S. markets.
Consolidated revenue totaled 7,144.7 billion yen (US$47.2 billion), a 11.6 percent increase from the previous year.
The company reported record net sales of $789 million.
The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.
MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.
