TRW

ZF says TRW integration on track, sees stable profits despite China slowdown

Aug. 27, 2015 13:01 CET

ZF Friedrichshafen said the integration of rival TRW is progressing well and it expected full-year sales and profits to remain stable despite a slowing Chinese economy. Unlisted ZF released its first-half results for the first time in its history....
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Tesla engineer joins Apple's growing team of automated car experts

2:53 pm U.S. ET | Aug. 21, 2015

Apple has hired a senior engineer from Tesla, according to a LinkedIn posting, as part of Apple's effort to build a team of experts in automated driving....
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Autoliv, ZF TRW gain from Takata's recall troubles

Aug. 13, 2015 10:33 CET

By March, Autoliv, Daicel and ZF TRW Automotive will make about 68 percent of the inflators used to repair faulty Takata airbags behind a record vehicle-safety recall. Autoliv estimates it will supply as many as 20 million replacement inflators in 2015 and 2016....
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Supplier M&A may triple to $48 billion this year, PwC says

Aug. 12, 2015 13:00 CET

The value of global transactions in the auto supplier sector will more than triple to about $48 billion, PwC forecasts, as partsmakers seek size and skills to meet demand for software that powers autonomous driving and hardware that boosts fuel efficiency....
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ZF to invest $71M in Mich. tech center

3:54 pm U.S. ET | June 24, 2015

German auto supplier ZF Friedrichshafen AG plans to spend more than $71 million and add 571 jobs by expanding its technical center in suburban Detroit....
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Senator calls for compensation fund for Takata airbag injury victims

10:00 am U.S. ET | June 23, 2015

An influential U.S. senator today called for troubled supplier Takata to establish a fund to compensate victims injured or killed by its ruptured airbags. Richard Blumenthal, D-Conn., pressed Kevin Kennedy, executive vice president for Takata's North American affiliate, to establish a fund similar to the one created by GM last year....
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ZF completes $12.4 billion acquisition of TRW

10:26 am U.S. ET | May 15, 2015

German auto supplier ZF Friedrichshafen AG said today that it has completed its $12.4 billion acquisition of safety systems supplier TRW Automotive Holdings....
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ZF wins U.S. approval for TRW acquisition with divestitures

May 6, 2015 09:36 CET

ZF Friedrichshafen won U.S. antitrust approval to buy TRW Automotive on the condition it sells TRW's linkage and suspension business in North America and Europe. The merger of ZF and TRW will create the world's second-largest supplier....
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ZF acquisition of TRW cleared by FTC

6:00 pm U.S. ET | May 5, 2015

ZF Friedrichshafen’s acquisition of TRW Automotive, a transaction valued at $12.4 billion, was cleared by the Federal Trade Commission on Tuesday....
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TRW says Q1 revenue up 7%, profits rise

3:36 pm U.S. ET | May 5, 2015

TRW Automotive, which is being acquired by German supplier ZF Friedrichshafen, said today that first quarter revenue grew 7 percent from last year, excluding effects of currency and divested business....
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Civil settlements for price fixing rise

12:01 am U.S. ET | May 4, 2015

Civil settlements have exceeded $270 million in federal litigation stemming from the ongoing U.S. criminal antitrust investigation into automotive supplier price fixing....
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Supplier price-fixing civil settlements top $260M

10:50 am U.S. ET | April 28, 2015

Civil settlements recently have exceeded $260 million in federal litigation stemming from the ongoing US criminal antitrust investigation into supplier price fixing....
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TRW details China plans, sale of unit

12:01 am U.S. ET | April 27, 2015

TRW, the safety components supplier being acquired by Germany's ZF, said it plans to open three plants in China this year and next. It also will sell its linkage and suspension business to Tokyo conglomerate THK, to help clear the way for ZF's purchase....
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TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million....
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TRW plans to open 3 more plants in China

10:08 am U.S. ET | April 21, 2015

TRW Automotive, the safety components supplier being acquired by Germany’s ZF Friedrichshafen, said it plans to open three plants in China this year and next....
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ZF sells bonds to help finance TRW acquisition

2:37 pm U.S. ET | April 20, 2015

ZF raised $2.4 billion with the company's first bond sale in its 100-year history to help pay for its acquisition of automotive safety components supplier TRW Automotive Holdings Corp....
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TRW in talks with India’s Amtek to sell suspension business, reports say

10:29 am U.S. ET | March 25, 2015

Amtek Auto, an Indian car parts maker, is among companies in talks to acquire TRW's suspension business, people familiar with the matter said....
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ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015

EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for March

March 2, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success....
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ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET

ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings....
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TRW seeks long-term business from Takata airbag customers

2:58 pm U.S. ET | Feb. 13, 2015

TRW Automotive is moving ahead with plans to produce replacement airbag inflators for Takata customers, but only for automakers willing to offer guarantees of long-term business....
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TRW says adjusted Q4 profits rose 26%

9:24 am U.S. ET | Feb. 13, 2015

TRW Automotive Holdings, which is being acquired by German supplier ZF Friedrichshafen AG, today said fourth-quarter adjusted earnings grew 26 percent from last year....
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NEWS ANALYSIS

TRW recall shows the mess life-saving airbags have become

6:51 am U.S. ET | Feb. 1, 2015

Federal regulators' push for a second recall of 2.1 million cars and trucks whose airbags could go off while driving delivered more cautionary tales about a complex life-saving technology that's had a very bad year....
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Toyota, Honda, Fiat Chrysler must do 'follow up' recalls of 2.12 million vehicles

10:55 am U.S. ET | Jan. 31, 2015

Honda, Toyota and Fiat Chrysler will do "follow up" recalls of about 2.12 million vehicles with defective electronic control units that can cause airbags to inadvertently deploy, federal safety regulators said today. The recall affects about 1 million vehicles from Toyota, 374,177 from Honda and 753,176 from Fiat Chrysler....
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ZF chief: TRW to keep its own identity -- for now

12:01 am U.S. ET | Jan. 26, 2015

TRW Automotive Holdings will remain a stand-alone company for at least three to five years after the completion of its merger this spring with ZF Friedrichshafen AG....
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