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TRW Automotive Launches Production of Active and Passive Safety Products for New Audi A4 in China


April 2006
 Filed under: AUDI Car News | AUDI Headlines
LIVONIA, Mich., April 17 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE:TRW) , the global leader in automotive safety systems, announced today the production launch of active and passive safety systems and components from its China operations for the new Audi A4 built at First Automotive Works (FAW) in Changchun, China.
The new Audi model features a number of TRW's advanced safety products manufactured in China. TRW FAWER Automobile Safety Systems Co., Ltd. (TFASS), TRW's Changchun joint venture with the FAW Group, supplies steering wheels, driver-side airbag modules and side-impact airbag modules. Active safety components for this model such as rear brake calipers and brake boosters are supplied from TRW Lucas Varity Langzhong Brake Co., Ltd. (LVLB) in Langfang, China.

The production contract builds on a long-standing partnership between TRW and FAW. TFASS has undergone significant expansion of its product portfolio since its establishment in 1997. Earlier this year, TRW began production of safety systems and components for the Audi A6, to which TFASS also supplies steering wheels and driver-side and curtain airbag modules.

TRW technology has contributed to the safety performance of Audi vehicles. For example, the A4 model features dual-stage airbag inflators for the driver side, one of TRW's milestone technologies gaining popularity in the Chinese market. As part of an adaptive, integrated restraint system, these inflators provide varying air bag inflation levels to match deployment to a wide range of variables, including crash severity, seat belt usage, occupant position and weight. The technology is available on the A6 model as well.

"We are pleased to continue our support of FAW's outstanding new vehicles with our expertise in automotive safety," said Alain Charlois, Vice President of Business Development and OSS Product Planning for TRW Asia-Pacific. "Through this production launch, TRW has once again demonstrated a steady commitment to localization of its advanced products in China."

About TRW

With 2005 sales of $12.6 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 63,000 people in 25 countries. 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 http://www.trwauto.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. All forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those contained in forward-looking statements made in this release. Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in our Report on Form 10-K for the fiscal year ended December 31, 2005 (the "10-K") and include: our ability to successfully work with our Chinese joint venture partners; efforts by our customers to consolidate their supply base; work stoppages or other labor issues; possible production cuts or restructuring by our customers; escalating pricing pressures from our customers; severe inflationary pressures impacting the market for commodities; non-performance by, or insolvency of, our suppliers and customers, which may be exacerbated by recent bankruptcies; our substantial leverage; interest rate risk arising from our variable rate indebtedness; the highly competitive automotive parts industry and its cyclicality; product liability and warranty and recall claims; our dependence on our largest customers; loss of market share by domestic vehicle manufacturers; limitations on flexibility in operating our business contained in our debt agreements; fluctuations in foreign exchange rates; the possibility that our owners' interests will conflict with ours; and other risks and uncertainties set forth under "Risk Factors" in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements.


Source: TRW Automotive Holdings Corp.

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