Federal-Mogul Corporation and TRW Inc. have announced a strategic agreement through which Federal-Mogul will retain exclusive rights to market, package and distribute TRW branded chassis products within the North American replacement parts industry.
Subject to approval by the U.S. Bankruptcy Court in Wilmington, Delaware, the agreement represents an extension of a long-term supply and license arrangement for TRW branded chassis parts dating to 1992.
Among the existing customers to be serviced under the new agreement will be TRW Autospecialty, part of TRW Automotive’s aftermarket business. The TRW branded chassis program will be launched with TRW Autospecialty as soon as possible, according to Jay Burkhart, vice president, marketing, Federal-Mogul.
“TRW is a very well known and respected brand of OE-replacement chassis components,” Burkhart said. “We are excited to relaunch the TRW chassis program within the North American aftermarket and look forward to developing a wide range of new strategic market opportunities for this strong brand.”
Peter Lake, vice president and general manager, planning and business development and parts and service for TRW Automotive, said: “We are confident Federal Mogul will do an excellent job in servicing the replacement market with the TRW branded product line. Our TRW Autospecialty unit looks forward to offering an expanded and aggressive TRW chassis program.”
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