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SOURCE TRW Automotive Holdings Corp.
LIVONIA, Mich., March 4, 2013 /PRNewswire/ -- Seven vehicle models recently named 2013 Insurance Institute for Highway Safety (IIHS) TOP SAFETY PICK+ winners feature various automotive safety technologies supplied by TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety.
The new TOP SAFETY PICK+ designation was recently handed out by IIHS to reward vehicles that offer superior crash protection. In order to be eligible for the distinction, the 2013 models needed to earn good or acceptable ratings in the new IIHS small overlap test, as well as top marks in other IIHS evaluations.
Safety content from TRW – including occupant safety systems, electronics and braking technology ranging from airbag modules and sensors to tire pressure monitoring systems and power steering gears – are featured on seven of the 13 awarded vehicles, including several of the best-selling mid-sized sedans in North America.
"Having vehicles which feature TRW's leading safety technologies receive recognition as top safety picks underscores how our products make a difference in helping automakers produce safer vehicles for consumers," said Peter Lake, TRW executive vice president, sales and business development. "As vehicle safety requirements evolve, TRW will continue to move forward, creating intelligent systems to help enhance passenger safety."
IIHS rates vehicles good, acceptable, marginal or poor based on performance in a moderate overlap frontal crash, small overlap frontal crash, side impact and rollover, plus evaluations of seat/head restraints for protection against neck injuries in rear impacts. Top Safety Pick+ winners must earn good ratings for occupant protection in at least four of five evaluations, with no less than acceptable in the fifth test.
With 2012 sales of $16.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 25 countries and employs approximately 65,000 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 www.trw.com.
This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the U.S. 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 could 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, 2012 (our "Form 10-K"), such as: any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; economic conditions adversely affecting our business, results or the viability of our supply base; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any shortage of supplies causing a production disruption for any customers or us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; the loss of any of our largest customers materially adversely affecting us; commodity inflationary pressures adversely affecting our profitability or supply base; pricing pressures from our customers adversely affecting our profitability; costs of product liability, warranty and recall claims and efforts by customers to adversely alter contract terms and conditions concerning warranty and recall participation; costs or adverse effects on our business, reputation and results from governmental regulations; costs or liabilities relating to environmental, health and safety regulations adversely affecting our results; work stoppages or other labor issues at our facilities or at the facilities of our customers or those in our supply chain adversely affecting our business or results; any disruption in our information technology systems adversely impacting our business and operations; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the U.S. Securities and Exchange Commission. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.
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