DETROIT -- Global platform sharing and safety regulations are driving automotive technology at a frenetic rate. Supplier TRW Automotive Holdings Corp. says it can capitalize on this trend with its safety technologies.
For example, TRW offers lane-keeping assist technology, which steers a car toward the middle of a lane when a camera sees a driver is drifting toward a divider line.
The industry downturn cut TRW's global revenue 23 percent in 2009. But the suburban Detroit supplier has rebounded. For the first nine months, revenues jumped 30 percent to $10.67 billion and net income was $630 million, compared with a loss of $86 million a year earlier.
TRW's largest business lines are chassis systems and occupant safety systems. But its active safety electronics segment -- the company's smallest -- is poised to grow the most from the globalization trend in platforms and safety rules. The segment accounted for only 5 percent, or $600 million, of its global sales of $11.6 billion last year.