TRW Automotive Holdings Corp.
) has announced that it will launch a number of safety features
on the new Qoros 3 Sedan.
Headquartered in China, Qoros has an exceptional position in the
automobile market. It is the first international brand
headquarter in China to be honored with the Euro NCAP rating.
TRW Automotive in a partnership with Qoros developed the first
series production car. It helped to develop the full passive
safety system, supplying airbags, seat belts, steering wheel and
safety electronics. In addition, it assisted in the development
of electronic stability control, anti-lock braking and foundation
This is sync with TRW Automotive's commitment to help automakers
in manufacturing safer vehicles. The production car received top
Euro NCAP scores.
TRW is globally recognized as one of the largest and most
diversified suppliers of automotive systems, modules and
components to OEMs and the related aftermarket. The company
commands about one-fifth of the world market for airbags,
seatbelts and related electronics.
In the second quarter of 2013, TRW Automotive's earnings
increased 17.4% to $2.02 per share from $1.72 (excluding special
items) a year ago and exceeded the Zacks Consensus Estimate of
$1.70. Net earnings (excluding special items) went up 14.0% to
$252 million from $221 million in the second quarter of 2012.
The solid performance by TRW in second quarter 2013, strong cash
flow and expectation of better performance in the future prompted
Standard & Poor's (S&P) Ratings Services to raise the
company's credit rating to 'BBB-' from 'BB+' in Sep 2013.
For full-year 2013, TRW anticipates production of 16.1 million
units in North America and 18.6 million units in Europe. Based on
these production levels, the company's first half performance and
expectations for foreign currency exchange rates, revenues for
the year are expected in the range of $16.8 billion to $17.0
billion, with $4.1 billion expected in the third quarter.
TRW Automotive currently retains a Zacks Rank #2 (Buy). Some
other stocks worth considering in the original auto and truck
Magna International Inc.
). All these carry a Zacks Rank #1 (Strong Buy).
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