Key Developments: TRW Automotive Holdings Corp (TRW)

TRW on New York Consolidated

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31 Oct 2014
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Latest Key Developments (Source: Significant Developments)

TRW Automotive Holdings Corp revises FY 2014 revenue outlook to a range in line with analysts' estimates
Tuesday, 28 Oct 2014 07:01am EDT 

TRW Automotive Holdings Corp:Expects FY 2014 sales to be about $17.4 bln.FY 2014 revenue of $17.6 bln - Thomson Reuters I/B/E/S.  Full Article

TRW Commercial Steering signs long term agreement with Daimler Trucks North America
Tuesday, 23 Sep 2014 01:06pm EDT 

TRW Automotive Holdings Corp:TRW Automotive Holdings Corp. signs seven year long term agreement (LTA) with Daimler Trucks North America (DTNA) to be standard steering system supplier across DTNA lineup.TRW will supply Freightliner, Western Star, Thomas Built Bus, and Freightliner Custom Chassis brands with steering gears, pitman arms, linkages, columns and pumps.  Full Article

TRW to be acquired by ZF Friedrichshafen
Monday, 15 Sep 2014 09:17am EDT 

TRW Automotive Holdings Corp:Enters into definitive agreement with ZF Friedrichshafen AG (ZF) under which ZF will acquire all outstanding shares of TRW for $105.60 per share in an all-cash transaction valued at about $13.5 bln on an enterprise value basis.Acquisition price represents of about 16 pct and 15 pct over TRW's undisturbed closing stock price of $91.40 on July 9, and all-time undisturbed high price of $91.62 on July 7, respectively, and 7.6x multiple of TRW's adjusted EBITDA for the 12 months ended June 27.Agreement has been unanimously approved by TRW's Board of Directors and ZF's Supervisory Board and Management Board.  Full Article

TRW Automotive Holdings Corp signs definitive agreement to divest its engine valve business
Wednesday, 10 Sep 2014 08:45am EDT 

TRW Automotive Holdings Corp:Signed definitive agreement to divest its engine valve business for $385 mln in cash to Federal-Mogul Holdings Corp.Planned divestiture, with annual sales of about $610 mln, is expected to close in Q1 of 2015.Proceeds from sale will be used for general corporate purposes.  Full Article

TRW Automotive Holdings Corp gives Q3 2014 revenue guidance in line with analysts' estimates; raises low end of prior FY 2014 revenue guidance
Tuesday, 29 Jul 2014 07:00am EDT 

TRW Automotive Holdings Corp:Expects Q3 2014 sales to be about $4.2 billion.Expects FY 2014 sales to range between $17.5 billion and $17.7 billion.Q3 2014 revenue of $4.2 billion - Thomson Reuters I/B/E/S.FY 2014 revenue of $17.7 billion - Thomson Reuters I/B/E/S.  Full Article

Grupo Industrial Saltillo formalizes alliance with TRW Automotive Holdings Corp subsidiary
Tuesday, 10 Jun 2014 01:20pm EDT 

Grupo Industrial Saltillo SAB de CV:Says on June 10 it formalized alliance with TRW Automotive Holdings Corp subsidiary, Kelsey Hayes Company.Alliance to establish new company involved in nodular iron forging for brake system part production.Grupo Industrial Saltillo to hold 70 percent and TRW to hold 30 percent in joint venture (JV).Annual installed capacity of JV to be about 52,000 tons of nodular cast iron parts used in brake systems.  Full Article

TRW Automotive Holdings Corp opens new airbag unit in Roman of Romania-Just-Auto
Monday, 5 May 2014 08:00pm EDT 

TRW Automotive Holdings Corp:The company inaugurated a new airbag plant in Roman, Romania-Just-Auto.The plant will employ a total of 1,160 people, with 400 to be appointed by the end of 2014.The company invested 13.6 million euros ($18.81 million) to establish the facility.Out of the total amount, the state had funded 4.74 million euros.  Full Article

TRW Automotive Holdings Corp gives Q2 2014 revenue in line with analysts' estimates; updates FY 2014 revenue to a range in line with analysts' estimates
Tuesday, 29 Apr 2014 07:00am EDT 

TRW Automotive Holdings Corp:Expects Q2 2014 sales to be about $4.5 bln.Expects FY 2014 sales to a range between $17.4-$17.7 bln.Q2 2014 revenue of $4.5 bln - Thomson Reuters I/B/E/S.FY 2014 revenue of $17.49 bln - Thomson Reuters I/B/E/S.  Full Article

TRW Automotive Holdings Corp gives FY, Q1 2014 revenue guidance in line with analysts' estimates
Friday, 14 Feb 2014 07:01am EST 

TRW Automotive Holdings Corp:Expects fiscal 2014 sales to range between $17.3 bln and $17.6 bln.Expects first quarter 2014 sales to be about $4.3 bln.Fiscal 2014 revenue of $17.4 bln - Thomson Reuters I/B/E/S.First quarter 2014 revenue of $4.3 bln - Thomson Reuters I/B/E/S.  Full Article

TRW Automotive Holdings Corp to open new airbag sewing facility in Romania-IHS Global Insight Daily Analysis
Thursday, 16 Jan 2014 07:00pm EST 

TRW Automotive Holdings Corp (TRW):TRW will open a new sewing facility in Roman, Romania, according to a company press release-IHS Global Insight Daily Analysis.The facility will manufacture and supply sewn airbag cushions to the company's occupant restraints plants ready for module assembly.The facility expects to employ 400 people by the end of 2014 and up to 1,000 people by 2017.Company did not disclose any investment figure for the new plant in the press release.TRW is opening this new facility in Romania to address rising demand for sewn airbags over the next five years, supporting its current airbag plants across Europe.TRW started operations in Romania in 2004, making leather wrapping for steering wheels in Timisoara, and has since expanded its activities to cover die casting, foaming and airbag production.Besides Timisoara, the company operates from four additional sites with around 3,400 employees.  Full Article

Germany's ZF eyes two bond issues in H1 2015- Boersen-Zeitung

FRANKFURT, Oct 24 - German car parts maker ZF Friedrichshafen plans to issue two bonds in the first half of 2015 to refinance loans it took on for its $13.5 billion takeover of U.S.-based TRW Automotive Holdings, its finance chief told a newspaper.

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