TRW Automotive Holdings Corp. was an American global supplier of automotive systems, modules, and components to automotive original equipment manufacturers (OEMs) and related aftermarkets. Tracing its roots from TRW Inc. it was originally headquartered in Livonia, Michigan. It was created in 2002 when the aerospace company Northrop Grumman purchased TRW and sold its automotive division to Blackstone Group.
 | |
 Former headquarters in Livonia, Michigan | |
| Company type | Subsidiary |
|---|---|
| NYSE: TRW | |
| Industry | Automotive industry |
| Predecessor | TRW Inc. |
| Founded | 2002 |
| Defunct | 2015 |
| Fate | Acquired |
| Successor | ZF TRW Automotive Holdings Corp |
| Headquarters | , |
Number of locations | 200+ facilities |
Area served | Worldwide |
Key people | John C. Plant (Chairman & CEO) |
| Products | Automotive systems |
| Revenue |  US$ 16.4 billion (FY 2012) |
 US$ 1.09 billion (FY 2012) | |
| US$ 1.01 billion (FY 2012) | |
| Total assets | US$ 10.9 billion (FY 2012) |
| Total equity | US$ 3.70 billion (FY 2012) |
Number of employees | 66,100 |
| Website | www |
| Footnotes / references [1] | |
TRW Automotive was the eighth largest automotive supplier worldwide and the seventh-largest company in the Detroit Metro Area and had nearly 64,000 employees in 22 countries worldwide. In 2015, TRW Automotive was acquired by German ZF Friedrichshafen and subsequently renamed ZF TRW Automotive Holdings Corp prior to being incorporated into ZF from 2016.
Overview and history
editTRW Automotive was an American company based in Livonia, Michigan. Tracing its roots from TRW Inc.,[2][3] TRW Automotive's production featured a variety of automotive products including integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, seat belts and airbags, and engine valves among others.[4] The company's operation activities were divided into 4 segments, Chassis Systems, Occupant Safety Systems, Electronics, and Automotive Components.[3] According to its sales statistics, in 2003, TRW Automotive was the eighth largest automotive supplier worldwide and the seventh-largest company in the Detroit Metro Area. The firm had nearly 64,000 employees in 22 countries worldwide.[4]
Further developments
editIn 2002, aerospace company Northrop Grumman purchased TRW,[5] and subsequently sold the TRW's automotive division to private equity firm Blackstone Group for $4.73 billion. According to the final agreement, Blackstone owned 80.4% of the business, while Northrop Grumman acquired 19.6% of it. In a statement, John Plant, the CEO of TRW Automotive said, "The company is now 100 percent focused on the needs of automotive customers, and we have an exciting opportunity to capitalize on our position as the global leader in automotive safety."[4]
In 2009, TRW Automotive made net profit earnings of $76 million. The next year, the firm had a profit of $189 million, which was more than double than the previous year. According to Plant, that was a result of the industry recovery following the 2007-08 financial crisis and the company's venture into emerging markets.[6] On September 15, 2014, it was announced that German car parts maker ZF Friedrichshafen would buy TRW Automotive for approximately $13.5 billion including debt.[7][8] The takeover was completed on the 15th May 2015, and TRW Automotive now operates as part of ZF Friedrichshafen AG, as Division 'Active & Passive Safety Technology'.[9]
TRW Automotive milestones
edit- 2002 - produced the first generation of Active Control Retractor.[10]
- 2002 - introduced the first caliper of Electric Park Brake.[11]
- 2003 - produced a weight-based Occupant Classification System.[12]
- 2004 - revealed silicon initiator technology for airbag inflators.[12]
- 2004 - created a Touch Sensor Technology capacitive sensing for interior vehicle controls.[12]
- 2005 - unveiled Active Dynamic Control family of active suspension systems.[13]
- 2006 - produced a non-rotating driver airbag technology.[12]
- 2006 - revealed a Slip Control Boost hybrid braking stability control technology.[12]
- 2007 - produced an Efficient Climate Control system to maintain occupant comfort and enhance fuel economy.[12]
- 2007 - created an Electric Drum-in-Hat park brake technology.[14]
- 2007 - introduced ESC-R regenerative brake technology for hybrid vehicles.[15]
- 2008 - revealed an Active Buckle Lifter seat belt system to enhance convenience, comfort and safety.[12]
- 2008 - produced the First Lane Keeping System, integrating camera and electric steering technology.[16]
- 2008 - introduced a Head protection system for convertible vehicles.[17]
- 2008 - developed a Scalable Airbag Electronic Control Unit for emerging markets.[18]
- 2014 - produced the second generation of Active Control Retractor.[10]
- 2015 - TRW Automotive was acquired by ZF Friedrichshafen.[9]
References
edit- ^ "TRW Automotive Holdings Corp. (TRW)". Yahoo! Finance.
- ^ "History of TRW Inc". Funding Universe. Retrieved April 26, 2020.
- ^ a b "TRW Automotive Holdings". Forbes. Retrieved April 26, 2020.
- ^ a b c "TRW Automotive Drives Ahead Under Blackstone". Blackstone Group. March 3, 2003. Retrieved April 26, 2020.
- ^ "Northrop Grumman Announces Closing of TRW Merger". Northrop Grumman. Retrieved April 25, 2020.
- ^ Wilton, Bill (December 9, 2010). "Buckle Up For Aggressive Growth With TRW Automotive". Forbes. Retrieved April 26, 2020.
- ^ Kim, Soyoung; Taylor, Edward (September 15, 2014). "Germany's ZF to take over TRW Automotive for $13.5 billion". Reuters. Retrieved September 16, 2014.
- ^ "Brower Piven Announces Investigation Of TRW Automotive Holdings Corp. In Connection With The Proposed Sale Of The Company To ZF Friedrichshafen". Business Wire. September 15, 2014. Retrieved September 16, 2014.
- ^ a b "ZF schließt Übernahme von TRW Automotive ab". Retrieved 2015-05-15.
- ^ a b "TRW's Second Generation Active Control Retractor Seat Belt System Launches in North America". PR Newswire. March 20, 2014. Retrieved March 26, 2020.
- ^ Ohlig, Benedikt; Michels, Erwin; Kesselgruber, Dirk (June 2008). "Smart parking brake distributes electric park brake functions". Atz Worldwide. 110 (6). Springer Publishing: 36–41. doi:10.1007/BF03225013.
- ^ a b c d e f g "History". TRW Automotive. Retrieved April 26, 2020.
- ^ Badawy, Dr. Aly (March 1, 2005). "New Options in Vehicle Dynamics Control". Electronic Design. Retrieved April 26, 2020.
- ^ "e10vk". U.S. Securities and Exchange Commission. Retrieved April 26, 2020.
- ^ "Electronic Braking System lends to vehicle stability". Thomas Net. September 24, 2007. Retrieved April 28, 2020.
- ^ "TRW Chosen As PSA's Driver Assist Systems Partner For All Peugeot Citroen Vehicles Beginning In 2017". PR Newswire. January 6, 2015. Retrieved April 28, 2020.
- ^ "TRW Automotive Introduces New Head Protection System for Convertibles". Thomas Net. June 26, 2008. Retrieved April 28, 2020.
- ^ "TRW Automotive (TRW) Develops Scalable Low Cost Airbag Electronic Control Units for Emerging Markets". Street Insider. May 22, 2008. Retrieved April 28, 2020.
External links
edit- former TRW Inc. website
- TRW Aftermarket
- Historical business data for TRW Automotive Holdings Corp.:
- SEC filings