Mexican Media Brands
TRW Earnings Jump 23%
Revenue at TRW Automotive Holdings Corp. grew 5% to $4.4 billion in January-March.
#economics
Share
Revenue at TRW Automotive Holdings Corp. grew 5% to $4.4 billion in January-March. Net earnings reached $199 million from $162 million in the first quarter of 2013.
Results were bolstered by a 16% hike in demand for the company's safety systems in China and increases in vehicle production in all other major markets. TRW's first-quarter operating income climbed to $308 million from $253 million.
The company now expects its full-year revenue will range between $17.4 billion and $17.7 billion compared with its previous forecast of $17.3 billion-$17.6 billion. Last year TRW generated sales of $17.4 billion.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.