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SOURCE TRW Automotive Holdings Corp.
LIVONIA, Mich., Oct. 28, 2013 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) was recently awarded the 2013 General Motors (GM) Supplier Quality Excellence Award at 10 of its manufacturing facilities for achieving consistently high levels of quality performance during the past year.
The 10 TRW sites honored with the award include:
"We couldn't be more pleased that 10 of our facilities around the world were chosen by General Motors to receive the Quality Excellence Award," said Peter Lake, executive vice president, sales and business development, TRW. "Being recognized for top performance in areas such as quality and customer satisfaction demonstrates our company's dedication to being a solutions provider and partner to our customers. Having our employees recognized for their hard work and dedication is something to celebrate."
GM's Supplier Quality Excellence Award is focused on improving collaboration with suppliers. Winning suppliers, including all 10 of the TRW facilities, met more than 12 quality criteria during a 12-month period that ended on June 30. This is the second year GM is honoring suppliers who are making noteworthy contributions to GM's goal of providing the best overall customer experience in the automotive industry.
"TRW helped play a critical role in GM's success in 2013 through its dedication and commitment to consistently exceed our expectations by being innovative, delivering high quality products and services on time and by creating outstanding value," said Grace Lieblein, GM vice president, global purchasing and supply chain.
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 Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (our "Form 10-K") and our Reports on Form 10-Q for the fiscal quarters ended March 29 and June 28, 2013, such as: any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; the loss of any of our largest customers or the loss of a significant amount of their business materially adversely affecting us; 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; 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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