Mexican Media Brands
TRW’s Second-Quarter Profit Rises 7%
TRW Automotive Holdings Corp. reports net earnings of $265 million in April-June compared with $248 million in the same period in 2013.
#economics
Share
TRW Automotive Holdings Corp. reports net earnings of $265 million in April-June compared with $248 million in the same period in 2013. Revenue advanced 2% to $4.6 billion.
The Livonia, Mich.-based supplier credits those improvements to greater vehicle production in its key markets and growing demand for its safety technologies.
Second-quarter operating income was flat at $383 million, and cash flow dipped 5% to $257 million.
TRW increased its forecast for vehicle production to 17 million from 16.8 million in North America and to 19.9 million from 19.6 million in Europe. The company expects its full-year sales will range between $17.5 billion and $17.7 billion, including third-quarter results of $4.2 billion. TRW's revenue totaled $17.4 billion in 2013.
CEO John Plant has declined to comment on the preliminary offer from ZF Friedrichshafen AG to purchase the company. He notes that TRW has no timetable for completing its review of ZF's bid.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.