PONTIAC, MI – The automotive unit of TRW Inc. will remain intact after Northrop Grumman Corp. spins it off this year, says John Plant, TRW president and CEO. When Northrop Grumman announced in July it would acquire the Cleveland-based TRW, a company with a major presence in defense and aerospace, the future of its automotive unit was in question. The New York Times recently reported that two buyout funds, the Blackstone Group and the Carlyle Group, have joined forces to ...
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