TRW Automotive

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ZF TRW
Public
Traded as NYSETRW
Industry Automotive industry
Fate Acquired
Predecessor TRW Inc.
Successor ZF Friedrichshafen
Founded 2002
Defunct 2015
Headquarters Livonia, Michigan, United States
Number of locations
200+ facilities
Area served
Worldwide
Key people
John C. Plant (Chairman & CEO)
Products Automotive systems
Revenue Increase US$ 16.4 billion (FY 2012)
Decrease US$ 1.09 billion (FY 2012)
Decrease US$ 1.01 billion (FY 2012)
Total assets Increase US$ 10.9 billion (FY 2012)
Total equity Decrease US$ 7.30 billion (FY 2012)
Number of employees
133,000
Website www.trw.com
Footnotes / references
[1]

In 2015, TRW Automotive was acquired by global automobile supplier ZF Friedrichshafen AG. ZF TRW is now a division of the parent company, with headquarters in Livonia, Michigan.

TRW originally stood for "Thompson Ramo Wooldridge"; it was formed when Thompson Products merged with Ramo-Wooldridge in 1958.[2] The company's operations primarily encompass the design, manufacture and sale of safety systems. It operated approximately 200 facilities with 66,100 employees in 26 vehicle-producing countries.

History[edit]

When aerospace company Northrop Grumman purchased competitor TRW in 2002, it sold TRW's automotive division to private equity firm Blackstone Group. TRW Automotive went public in a February 2004 initial public offering (IPO), after which Blackstone held a 56.7% interest in TRW, Northrop Grumman, 17.2%, and TRW management, 1.7%. The company can trace its history back to TRW Inc's beginnings in 1901, but was founded as TRW Automotive in 2002.

On September 15, 2014, it was announced that German car parts maker ZF Friedrichshafen will buy TRW Automotive for approximately $13.5 billion including debt.[3][4] 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'.[5]

Automotive History[edit]

  • 2015 - Acquired by ZF Friedrichshafen
  • 2008 - First Lane Keeping System, integrating camera and electric steering technology
  • 2008 - Scalable Airbag Electronic Control Unit for emerging markets
  • 2008 - Active Buckle Lifter seat belt system to enhance convenience, comfort and safety
  • 2008 - Head protection system for convertible vehicles
  • 2007 - Electric Drum-in-Hat park brake technology
  • 2007 - ESC-R regenerative brake technology for hybrid vehicles
  • 2007 - Efficient Climate Control system to maintain occupant comfort and enhance fuel economy
  • 2006 - Non-rotating driver airbag technology
  • 2006 - Slip Control Boost hybrid braking stability control technology
  • 2005 - Active Dynamic Control family of active suspension systems
  • 2004 - Touch Sensor Technology capacitive sensing for interior vehicle controls
  • 2004 - Silicon initiator technology for airbag inflators
  • 2003 - Weight-based Occupant Classification System
  • 2002 - Active Control Retractor
  • 2002 - Adaptive Cruise Control
  • 2002 - Electric Park Brake
  • 2001 - Airbag Rollover Canopy System
  • 2001 - Electrically Powered Steering
  • 2001 - Vehicle Stability Control
  • 1998 - Electrically Powered Hydraulic Steering
  • 1996 - Electronic Actuation System with Brake Assist
  • 1994 - Single-source production of Vehicle Occupant Restraint System
  • 1994 - Frontal airbag and sensor system
  • 1994 - Solid propellant frontal airbag system, including crash sensors
  • 1994 - Four-wheel ABS systems for GM
  • 1994 - Complete vehicle occupant restraint system
  • 1989 - Switches made in TRW Sunderland
  • 1988 - Remote keyless entry system
  • 1987 - Seat belt pre-tensioning device
  • 1986 - Rear Wheel ABS system
  • 1979 - Colette Front Calipers
  • 1972 - Power rack and pinion steering
  • 1968 - Electronically Controlled Anti-Lock Braking System
  • 1967 - Rack and pinion steering
  • 1964 - Brake proportioning valves
  • 1964 - Disc Braking System - North America
  • 1957 - Disc Brake System - Europe
  • 1952 - Integral power steering system for Chrysler New Yorker
  • 1946 - Power brake systems
  • 1935 - Wedge/Roller Actuated Drum Brake
  • 1939 - Standard equipment hydraulic brake systems
  • 1932 - Composite Brake Drum
  • 1928 - Parking brakes for Ford
  • 1909 - Wooden wheels for Ford Model "T"
  • 1904 - First two-piece automotive valve for Winton Motors Company

Contributions[edit]

References[edit]

  1. ^ "TRW Automotive Holdings Corp. (TRW)". Yahoo! Finance. 
  2. ^ Who really made your car. Retrieved August 4, 2011. 
  3. ^ Kim, Soyoung; Taylor, Edward (September 15, 2014). "Germany's ZF to take over TRW Automotive for $13.5 billion". Reuters. Retrieved September 16, 2014. 
  4. ^ "Brower Piven Announces Investigation Of TRW Automotive Holdings Corp. In Connection With The Proposed Sale Of The Company To ZF Friedrichshafen". Business Wire. September 15, 2014. Retrieved September 16, 2014. 
  5. ^ "ZF schließt Übernahme von TRW Automotive ab" (in German). Retrieved 2015-05-15. 

External links[edit]