 | |
 Former headquarters inLivonia, 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 Holdings Corp. was an Americanglobalsupplier ofautomotive systems, modules, and components to automotiveoriginal equipment manufacturers (OEMs) and relatedaftermarkets. Tracing its roots fromTRW Inc. it was originally headquartered inLivonia, Michigan. It was created in 2002 when the aerospace companyNorthrop Grumman purchased TRW and sold its automotive division toBlackstone Group.
TRW Automotive was the eighth largest automotive supplier worldwide and the seventh-largest company in theDetroit Metro Area and had nearly 64,000 employees in 22 countries worldwide. In 2015, TRW Automotive was acquired by GermanZF Friedrichshafen and subsequently renamed ZF TRW Automotive Holdings Corp prior to being incorporated into ZF from 2016.
TRW Automotive was an American company based inLivonia, Michigan. Tracing its roots toTRW 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 andairbags, 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]
In 2002, aerospace companyNorthrop Grumman purchased TRW,[5] and subsequently sold TRW's automotive division to private equity firmBlackstone 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 the2008 financial crisis and the company's venture into emerging markets.[6] On September 15, 2014, it was announced that German car parts makerZF Friedrichshafen would buy TRW Automotive for approximately $13.5 billion including debt.[7][8] The takeover was completed on 15 May 2015, and TRW Automotive now operates as part of ZF Friedrichshafen AG, as Division 'Active & Passive Safety Technology'.[9]