TRW Inc. says it will spin off TRW Automotive, the seventh largest auto supplier worldwide, into an independent company in the next six to nine months, or look for a buyer for either the whole or parts of the business. On March 13, TRW, for the second time, rejected the $5.9 billion ($47-per share) unsolicited offer made by defense contractor Northrop Grumman Corp. on Feb. 22, saying the amount "grossly undervalues" the company. Northrop, which said it would keep TRW’s defense business and ...

Premium Content (PAID Subscription Required)

"TRW Wants to Cut Loose Automotive Unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.