LIVONIA, Mich., Aug. 7 /PRNewswire-FirstCall/ -- TRW Automotive Holdings
Corp. (NYSE: TRW), the global leader in automotive safety systems, is
supplying a full range of occupant safety products to the new Roewe 550, China
SAIC Motor's self-developed mid-size sedan. This marks an expanded
collaboration between TRW and SAIC, who worked together on the successful
launch of the Roewe 750 in 2007.
TRW equips Roewe 550 with a complete occupant safety system (OSS)
including driver, passenger and rear seat belts, driver and passenger airbags,
side-impact curtain airbags, airbag electronic control units, and side-impact
and rollover sensors. Driver and passenger airbags are manufactured by the
Company's joint-venture plants in Shanghai and Changchun, China. TRW's wholly-
owned OSS facility in Shanghai produces the advanced electronics.
Roewe 550 features the RP2, TRW's second-generation rack-and-pinion
seatbelt retractor. In anticipation of a crash, an electronic control unit
activates the rack and pinion mechanism to tighten the seat belt, adjust the
slack and help protect the belted passenger. Additionally, TRW uses a load
limiter in the Roewe 550 seat belt system to help better manage the occupant
energy in a crash.
The RP2 technology was introduced to the European market in 2004. Today,
Chinese consumers are able to benefit from this advanced technology on the
Roewe 550. Notably, the entire seat belt system on Roewe 550 is manufactured
by TRW's joint venture with SAIC, Shanghai TRW Automotive Safety Systems Co.,
Ltd. (STASS).
Besides OSS products, TRW supplies Roewe 550 with a lane-departure warning
sensor, ABS system and Electronic Stability Control System (as a premium
option), all produced locally in China.
"We are proud of the occupant safety of Roewe 550, which is designed to
meet the 5-star crash test standards of the Euro NCAP," said Mr. Liu Tao, the
SAIC brand director, "TRW has worked closely with SAIC from the very beginning
of 550's conception. Thanks to TRW's industry-leading expertise, Roewe 550
should become a benchmark vehicle in terms of occupant safety for the Chinese
mid-size market."
Chris Wu, TRW senior engineering leader of the Roewe 550 project, added,
"The integrated, optimized occupant safety system we have created for Roewe
550 offers a distinctive competitive advantage in the domestic Chinese market.
Our Chinese partners can count on TRW's continuous support in pursuing world-
class standards of vehicle safety for their self-developed brands."
About TRW
With 2007 sales of $14.7 billion, TRW Automotive ranks among the world's
leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the
Company, through its subsidiaries, operates in 27 countries and employs more
than 66,000 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 http://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, 2007 (our "Form 10-K") and in our Reports on Form 10-Q for the quarters
ended March 28, 2008, and June 27, 2008 such as: loss of market share,
production cuts or capacity reductions by domestic North American vehicle
manufacturers and a market shift in vehicle mix in the U.S., and resulting
restructuring initiatives, including bankruptcy actions, of our suppliers and
customers; sharply increasing commodity inflationary pressures adversely
affecting our profitability and supply base, including any resulting inability
of our suppliers to perform as we expect; escalating pricing pressures from
our customers; our dependence on our largest customers; product liability,
warranty and recall claims and efforts by customers to alter terms and
conditions concerning warranty and recall participation; foreign currency
exchange rate fluctuations impacting our results; work stoppages or other
labor issues at our facilities or at the facilities of our customers or
suppliers; our substantial debt and resulting vulnerability to an economic or
industry downturn and to rising interest rates; cyclicality of automotive
production and sales; risks associated with non-U.S. operations, including
economic uncertainty in some regions; 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.
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