TRW Automotive Earns Top Echelon Ford World Excellence Award
* Reuters is not responsible for the content in this press release.
LIVONIA, Mich., June 30 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW), through its TRW Polska Sp. z o.o. manufacturing facility in Czestochowa, Poland, has earned a prestigious Ford Motor Company Gold World Excellence Award for exemplary performance in the supply of airbags in 2008. "This marks three consecutive years that our airbag plant in Poland has earned this accolade, and TRW is truly in the top echelon of Ford suppliers having merited one of only a dozen Gold level awards," said TRW president and chief executive officer John Plant. "TRW will continue to work diligently across all of its plants to supply Ford with world class levels of quality, customer satisfaction and innovation." The World Excellence Awards recognize suppliers who not only achieve the highest levels of cost, quality and delivery, but also acknowledge the diverse cultures, values, and ideas of the thousands of individuals they employ. TRW garnered one of just 36 overall World Excellence Awards presented to Ford Motor Company suppliers for 2008 performance. "The achievement of Ford's ONE Goal depends upon all members of the ONE Ford team working together," said Tony Brown, group vice president of global purchasing for Ford. "We salute the supplier winners of the 2008 World Excellence Awards for providing products and services that reach the highest standards for technology, quality and cost." TRW was among representatives of Ford's top global suppliers at the recent awards ceremony held at Ford's World Headquarters in Dearborn, Michigan. John Plant accepted the award on behalf of TRW. About TRW With 2008 sales of $15.0 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 approximately 61,000 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. Forward-Looking Statements This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the 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 can 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, 2008 (our "Form 10-K"), and our Form 10-Q for the quarter ended April 3, 2009, such as: any prolonged contraction in automotive sales and production adversely affecting our results, liquidity or the viability of our supply base; the financial condition of OEMs, particularly the Detroit Three, adversely affecting us or the viability of our supply base; disruptions in the financial markets adversely impacting the availability and cost of credit negatively affecting our business; our substantial debt and resulting vulnerability to an economic or industry downturn and to rising interest rates; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability or supply base; our dependence on our largest customers; costs of product liability, warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; 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 uncertainty in some regions; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; assertions by or against us relating to intellectual property rights; the possibility that our largest shareholder's interests will conflict with ours; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements. SOURCE TRW Automotive Holdings Corp. John Wilkerson/TRW Automotive/North America, +1-734-855-3864, or Lynette Jackson/TRW Automotive/Europe/Asia, +44-121-506-5315
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters