LIVONIA, Mich., May 5 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE:TRW), through its TRW Polska Sp. z o.o. manufacturing facility in Czestochowa, Poland, has earned a prestigious Ford Motor Company World Excellence Award for exemplary performance in the supply of airbags in 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO ) "We thank Ford Motor Company for this recognition and are working hard again in 2008 to exceed expectations," said president and chief executive officer John Plant. "This is a true testimony to our plant in Poland that has now earned this award for a second consecutive year." The World Excellence Awards recognize suppliers who not only achieve the highest levels of cost, quality and delivery, but recognize the diverse cultures, values, and ideas of the thousands of individuals they employ. TRW garnered one of just 47 World Excellence Awards presented to Ford Motor Company suppliers for 2007 performance.
"It is a pleasure to recognize the technical excellence of our supplier partners," said Ford Motor Company president and chief executive officer Alan Mulally. "As we work to deliver the products and services people really want and value, we are more fully integrating our suppliers into our processes." TRW was among representatives of Ford's top global suppliers at the recent awards ceremony held at the Henry Ford Museum in Dearborn, Michigan. Matthew Hett, vice president, sales and business development, accepted the award on behalf of TRW.
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, such as: loss of market share by domestic North American vehicle manufacturers and resulting production cuts and restructuring initiatives, including bankruptcy actions, of our suppliers and customers; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability and supply base, including any resulting inability of our suppliers to perform as we expect; 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; 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 foreign exchange risks and economic uncertainty in some regions; adverse affects of environmental and safety regulations; 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 Report on 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. http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO http://photoarchive.ap.org/ DATASOURCE: TRW Automotive Holdings Corp.
CONTACT: John Wilkerson of TRW Automotive-North America, +1-734-855-3864, or Lynette Jackson of TRW Automotive-Europe-Asia, + 44.121.506.5315 Web site: http://www.trwauto.com/ http://www.trw.com/
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