TRW Automotive Holdings Corp.
) announced that it has received the 2012 Innovation Award from
Chrysler Group LLC's Innovation group. TRW Automotive has bagged
this award for Decoupled Development (the user experience and
driver assistance) in the development of Lane Centering Assist
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The award was given to suppliers to recognize them for their
outstanding performance in their collaborative efforts for
innovative projects. TRW was recognized as one of the top
suppliers in the Awards Ceremony held on Mar 1.
The Lane Centering Assist system of the company is an integrated
system, which uses a forward-facing camera and an electrically
powered steering system. The camera helps in detecting the lane
markings and sends torque commands to the electric steering
system. This assists in keeping the vehicle in the center of the
The company plans to further focus on developing the affordable
advanced safety systems which will benefit the driving system. It
will further work together with Chrysler -controlled by Italy's
) - for further innovative collaborations.
Headquartered outside Detroit, Mich, 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.
General Motors Company
). Currently, the company retains a Zacks Rank #3 (Hold) on its
TRW posted a 15.8% decrease 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
as well as a rise in module sales globally, partially offset by
significantly lower vehicle production in Europe and the negative
impact of currency movements.