TRW's Lunn wants to source 50% of parts from low-cost countries.(Talk From The Top)

Byline: Douglas A. Bolduc

Five years from now TRW Automotive will have significantly fewer suppliers and will source at least half its parts from low-cost countries, says Executive Vice President and Chief Operating Officer Steve Lunn.

Both goals are part of the US safety systems supplier's efforts to cut costs and streamline its business.

Like many other suppliers, TRW was hit last year by massive production cuts at customers in North America.

But the company lowered costs and managed to increase sales, operating earnings and its operating margin. In 2007, it expects ...