WRAPUP-TRW, BorgWarner profits top forecasts, shares up

Newswire

(Recasts, adds share prices, company comments, byline) By Soyoung Kim DETROIT (Reuters) - Auto parts makers TRW Automotive and BorgWarner Inc posted quarterly profits Thursday, above analysts' expectations despite a sharp downturn in the U.S. market, sending their shares higher. Both suppliers lowered their forecasts for 2008 North American vehicle production to as low as 13 million units, and warned the industry would continue to be difficult into 2009 amid production cuts by ...

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