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Industry: Email Alert RSS FeedCEO: Spun-off TRW auto unit can focus on vehicles.(Suppliers)
Automotive News Europe, December, 2002 by Chew, Edmund
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Byline: Edmund Chew Automotive News Europe
The sale of TRW Automotive to the Blackstone group will enable the company to focus solely on autos.
"TRW has been an amalgam of a defense company and an automotive company," said TRW Automotive CEO John Plant. "You are never quite sure if every area has equal importance. Now automotive is going to be everything that we are about."
Blackstone "has wholehearted support for our strategic direction and business plan," Plant added.
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TRW has half its business in North America and 40 percent in Europe, ...
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Most Popular Articles in Autos
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- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
- More »