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 American global supplier of automotive systems, modules, and components to automotive original equipment manufacturers (OEMs) and related aftermarkets. Tracing its roots from TRW Inc. it was originally headquartered in Livonia, Michigan. It was created in 2002 when the aerospace company Northrop Grumman purchased TRW and sold its automotive division to Blackstone Group.
TRW Automotive was the eighth largest automotive supplier worldwide and the seventh-largest company in the Detroit Metro Area and had nearly 64,000 employees in 22 countries worldwide. In 2015, TRW Automotive was acquired by German ZF Friedrichshafen and subsequently renamed ZF TRW Automotive Holdings Corp prior to being incorporated into ZF from 2016.
TRW Automotive was an American company based in Livonia, Michigan. Tracing its roots from TRW 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 and airbags, 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] According to its sales statistics, in 2003, TRW Automotive was the eighth largest automotive supplier worldwide and the seventh-largest company in the Detroit Metro Area. The firm had nearly 64,000 employees in 22 countries worldwide. [4]
In 2002, aerospace company Northrop Grumman purchased TRW, [5] and subsequently sold the TRW's automotive division to private equity firm Blackstone 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 the 2007-08 financial crisis and the company's venture into emerging markets. [6] On September 15, 2014, it was announced that German car parts maker ZF Friedrichshafen would buy TRW Automotive for approximately $13.5 billion including debt. [7] [8] The takeover was completed on the 15th May 2015, and TRW Automotive now operates as part of ZF Friedrichshafen AG, as Division 'Active & Passive Safety Technology'. [9]
An airbag is a vehicle occupant-restraint system using a bag designed to inflate exceptionally quickly and then deflate during a collision. It consists of an airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. The purpose of the airbag is to provide a vehicle occupant with soft cushioning and restraint during a collision. It can reduce injuries between the flailing occupant and the vehicle's interior.
Northrop Grumman Corporation is an American multinational aerospace and defense technology company. With 95,000 employees and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. The firm ranked No. 101 on the 2022 Fortune 500 list of America's largest corporations.
TRW Inc., was an American corporation involved in a variety of businesses, mainly aerospace, electronics, automotive, and credit reporting. It was a pioneer in multiple fields including electronic components, integrated circuits, computers, software and systems engineering. TRW built many spacecraft, including Pioneer 1, Pioneer 10, and several space-based observatories. It was #57 on the 1986 Fortune 500 list, and had 122,258 employees. The company was called Thompson Ramo Wooldridge Inc., after the 1958 merger of the Ramo-Wooldridge Corporation and Thompson Products. This was later shortened to TRW.
Automotive safety is the study and practice of automotive design, construction, equipment and regulation to minimize the occurrence and consequences of traffic collisions involving motor vehicles. Road traffic safety more broadly includes roadway design.
Electronic stability control (ESC), also referred to as electronic stability program (ESP) or dynamic stability control (DSC), is a computerized technology that improves a vehicle's stability by detecting and reducing loss of traction (skidding). When ESC detects loss of steering control, it automatically applies the brakes to help steer the vehicle where the driver intends to go. Braking is automatically applied to wheels individually, such as the outer front wheel to counter oversteer, or the inner rear wheel to counter understeer. Some ESC systems also reduce engine power until control is regained. ESC does not improve a vehicle's cornering performance; instead, it helps reduce the chance of the driver losing control of the vehicle.
LucasVarity plc was a UK automotive parts manufacturer, created by a merger of the British Lucas Industries plc, and the North American Varity Corporation in August 1996.
Freescale Semiconductor, Inc. was an American semiconductor manufacturer. It was created by the divestiture of the Semiconductor Products Sector of Motorola in 2004. Freescale focused their integrated circuit products on the automotive, embedded and communications markets. It was bought by a private investor group in 2006, and subsequently merged into NXP Semiconductors in 2015.
ZF Friedrichshafen AG, also known as ZF Group, originally Zahnradfabrik Friedrichshafen, and commonly abbreviated to ZF, is a German technology manufacturing company that supplies systems for passenger cars, commercial vehicles and industrial technology. It is headquartered in Friedrichshafen, in the south-west German state of Baden-Württemberg. Specializing in engineering, it is primarily known for its design, research and development, and manufacturing activities in the automotive industry and is one of the largest automotive suppliers in the world. Its products include driveline and chassis technology for cars and commercial vehicles, along with specialized plant equipment such as construction equipment. It is also involved in the rail, marine, defense and aviation industries, as well as general industrial applications. ZF has 162 production locations in 31 countries with approximately 168,700 (2023) employees.
ZF Sachs AG, also known as Fichtel & Sachs, was founded in Schweinfurt in 1895 and was a well-known German family business. At its last point as an independent company, the company name was Fichtel & Sachs AG.
Bendix Corporation is an American manufacturing and engineering company which, during various times in its existence, made automotive brake shoes and systems, vacuum tubes, aircraft brakes, aeronautical hydraulics and electric power systems, avionics, aircraft and automobile fuel control systems, radios, televisions and computers.
Thiokol and Northrop Grumman was an American corporation concerned initially with rubber and related chemicals, and later with rocket and missile propulsion systems. Its name is a portmanteau of the Greek words for sulfur and glue, an allusion to the company's initial product, Thiokol polymer.
Varity was a Canadian multinational manufacturing company, created in 1986 from the remains of Massey Ferguson (MF) of Toronto, Ontario, Canada. Varity also owned Perkins Engines, headquartered in Peterborough, England, and Kelsey-Hayes Company, headquartered in Romulus, Michigan, as well as subsidiaries in many countries. After a period of corporate losses left MF insolvent, Varity was formed to detach the ownership of insolvent Massey Ferguson from its liabilities, including pension plans, and enable the Massey Ferguson brand and several subsidiaries to continue as working entities. By the year 2000, Varity itself was defunct, having successfully sold off its divisions.
Northrop Grumman Electronic Systems (NGES) was a business segment of Northrop Grumman from 1996 to 2015 until a reorganization on January 1, 2016 merged other Northrop Grumman businesses into NGES to form a new segment called Mission Systems. NGES had originally been created by Northrop Grumman's acquisition of Westinghouse Electronic Systems Group in 1996. The Electronic Systems sector was a designer, developer, and manufacturer of a wide variety of advanced defense electronics and systems. The division had 120 locations worldwide, including 72 international offices, and approximately 24,000 employees; accounting for 20% of company sales in 2005.
The Westinghouse Air Brake Technologies Corporation was an American company founded on September 28, 1869 by George Westinghouse in Pittsburgh, Pennsylvania. Earlier in the year he had invented the railway air brake in New York state.
The PACE Award is an annual award from Automotive News. The focus of the award is an innovation (i) developed primarily by a supplier, (ii) that is new to the automotive industry, (iii) that is in use, and (iv) that "changes the rules of the game". Awards have been given for products, materials, processes, capital equipment, software and services. A panel of independent judges from industry, finance, research, and academia choose finalists from the initial applicants, make site visits to evaluate the innovation, and then gather to select winners, independent of the sponsors. Winners to date include suppliers from Japan, Korea, China, the US, Canada, Brazil, Germany, France, Italy, Poland and other European countries. Among the most awarded companies over the years are BorgWarner, Delphi Automotive, Federal-Mogul, Valeo and PPG Industries as well as Robert Bosch GmbH, Gentex Corporation, and Siemens.
The term active safety is used in two distinct ways.
A collision avoidance system (CAS), also known as a pre-crash system, forward collision warning system (FCW), or collision mitigation system, is an advanced driver-assistance system designed to prevent or reduce the severity of a collision. In its basic form, a forward collision warning system monitors a vehicle's speed, the speed of the vehicle in front of it, and the distance between the vehicles, so that it can provide a warning to the driver if the vehicles get too close, potentially helping to avoid a crash. Various technologies and sensors that are used include radar (all-weather) and sometimes laser (LIDAR) and cameras to detect an imminent crash. GPS sensors can detect fixed dangers such as approaching stop signs through a location database. Pedestrian detection can also be a feature of these types of systems.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they only fill the niche roles. WABCO was acquired by ZF Friedrichshafen in May 2020.
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