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CHICAGO, Nov 14 (Reuters) - TRW Automotive Holdings Corp., the fifth-largest U.S. auto parts maker, said on Friday it plans an initial public offering of common stock.
The Livonia, Michigan-based maker of brakes, steering and suspension system said it filed a shelf registration with U.S. regulators.
Goldman Sachs & Co., Credit Suisse First Boston and J.P. Morgan Securities Inc. will manage the offering, TRW said.
TRW's parent is private equity firm Blackstone Group, which purchased the company in February from defense contractor Northrop Grumman Corp.
Northrop had inherited the auto unit when it bought TRW for $6.7 billion in November 2002, mainly for its defense business.
TRW Automotive had 2002 sales of $10.6 billion.