TRW Automotive said that rising demand for its safety products and increased North American production helped it boost Q3 net income from US$158m to US$163m. Revenue rose to US$3.97bn from US$3.92bn.
TRW Automotive said that rising demand for its safety products and increased North American production helped it boost Q3 net income from US$158m to US$163m. Revenue rose to US$3.97bn from US$3.92bn.
Even so, the Michigan-based company – makers of braking systems, seat belts and airbags – said it expects annual sales of between US$16.2–16.3bn, down from its earlier forecast of up to US$16.4bn.
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