TRW Automotive Holdings has completed sale of its wholly-owned engine valve subsidiaries to Federal-Mogul Holdings.
The deal did not include the sale of TRW’s joint ventures involved in the business with the exception of a joint venture in Venezuela.
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“TRW’s engine components business will be an excellent complement to Federal Mogul’s growing powertrain business,” said TRW chief John Plant.
He added TRW was now focusing on safety systems.
