US Federal Trade Commission Clears ZF’s Acquisition Of TRW
The FTC’s clearance is subject to certain conditions, which ZF has agreed to undertake following completion of the proposed acquisition, including the sale of TRW’s Linkage and Suspension business, which is currently underway.
TRW Reports First Quarter 2015 Financial Results
The first quarter 2015 results include a pre-tax gain of $186 million on the previously announced sale of TRW’s Engine Valve business to Federal-Mogul Holdings Corp., which closed during the quarter.
TRW To Divest Its Linkage And Suspension Business
Divestiture of the business, which has annual sales of approximately $550 million, is expected to close by the end of TRW’s fiscal third quarter and is subject to customary conditions, including regulatory approvals. Proceeds from the sale will be used for general corporate purposes.
TRW Continues Investment In China With Opening Of Three New Plants
TRW will now have a total of 25 operations and in excess of 10,000 employees in China.
TRW Appoints Aftermarket Catalog Data Manager
With more than 15 years of auto care cataloging experience, Renee Sandford joins TRW from her prior position as product marketing manager at TRICO.
ZF Reports Strong Financial Foundation for Upcoming TRW Acquisition
Company reports significantly increased sales and earnings.
Matthew Lundh Appointed Business Development Manager Of TRW Automotive Aftermarket North America
WIXOM, Mich. – TRW has announced the appointment of Matthew Lundh as business development manager, TRW Automotive Aftermarket, North America. This news further strengthens TRW’s position as the business continues to roll out its Corner Module (braking, steering & suspension parts and systems), into the North American aftermarket. Lundh brings with him more than 19
TRW Reports Fourth Quarter, Full-Year 2014 Financial Results
LIVONIA, Mich. – TRW Automotive Holdings Corp. has reported fourth quarter 2014 financial results with sales of $4.3 billion, a decrease of 3 percent compared to the prior year period. The company reported GAAP fourth quarter net losses of $360 million or $3.22 per share, which compares to net earnings of $363 million or $3
TRW Closes Engine Valve Subsidiaries Divestiture
LIVONIA, Mich. – TRW Automotive Holdings Corp. says it has closed the sale of its wholly owned engine valve subsidiaries to Federal-Mogul Holdings Corp., representing the material portion of the previously announced transaction. The closing did not include the sale of TRW’s joint ventures involved in the business, with the exception of a joint venture
TRW’s North American Business Growth Drives Team Expansion
WIXOM, Mich. – TRW’s North American (NA) Aftermarket Group has appointed Chris Sumrell as sales manager for the Eastern U.S. Parts & Service business. An aftermarket professional with more than 30 years of industry experience, Sumrell joined TRW in December 2014 from Honeywell Friction Materials LLC, where his most recent role was manager of program
