CORRECTION: TRW Raises Outlook After 13% Earnings Jump

TRW Automotive Holdings Corp. netted $248 million in the April-June period of 2013 compared with $220 million a year earlier.

Revenue at the Livonia, Mich.-based maker of safety systems rose 7% to $4.5 billion, bolstered by strong demand in China and North America.

Operating income climbed 14% to $385 million in the quarter, resulting in an 8.5% return on sales compared with 7.9% in the second quarter of 2012.

TRW hiked its full-year sales forecast to as much as $17 billion $100 million more than its previous prediction. The company expects to generate $4.1 billion of revenue in the current quarter.

TRW is projecting higher sales because it has boosted its vehicle production estimates by 100,000 units in North America to 16.1 million and 200,000 units in Europe to 18.6 million.