TRW Automotive Holdings Corp.
) announced that it has developed an advanced brake system, which
will be utilized in the traditional internal combustion engines
or as alternative powertrains in the hybrids and electric
engines. TRW believes that this advanced electronic braking
system will play an important role in enhancing the fuel
efficiency of the vehicles.
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The company has been awarded significant contracts for its EBC
460 Premium system, including its Premium (P) and Premium Hybrid
(PH) technology. This family of Electronic Stability Control
(ESC) systems enhances value, performance and compatibility
compared to a wide range of powertrain configurations. The ESC
braking system delivers high level of brake pressure rapidly and
the premium technologies support automatic emergency braking.
With the transition from internal combustion engines to direct
injection, diesels, hybrids and electrical engines, TRW's brake
system will deliver brake pressure independently. Meanwhile, the
company's PH technology provides partial regenerative braking
solution. It plans to develop integrated brake application and
control solutions suitable for both hybrid, electric and
combustion engines. The company plans to launch ESC PH by the
beginning of 2015.
Headquartered outside Detroit, Michigan, TRW Automotive is one of
the world's largest manufacturers of advanced technology products
and services for the automotive markets. With continuous research
and development, the company is well positioned to benefit from
the changing demands of both established and emerging markets for
advanced and affordable safety solutions. Its major customers
Ford Motor Co.
). Currently, the company retains a Zacks Rank #3 on its stock.
TRW posted a 15.8% fall in profits to $1.55 per share in the
fourth quarter of 2012 from $1.84 in the same quarter of 2011
(all excluding special items). However, the quarterly EPS
surpassed the Zacks Consensus Estimate by 20 cents. Adjusted net
income dipped 16.4% to $199 million from $238 million in the
fourth quarter of 2011.
Revenues in the quarter inched up 1.2% to $4.0 billion, driven by
higher demand for the company's innovative technology products,
increased vehicle production volumes in North America and China
and a rise in module sales globally, partially offset by
significantly lower vehicle production in Europe and the negative
impact of currency movements.
Few stocks that are performing well in the industry where TRW
Commercial Vehicle Group Inc.
). They carry a Zacks Rank #1 (Strong Buy).