TRW Completes Purchase of Select Delphi Assets

TRW Automotive Holdings Corp. announced that its subsidiary, TRW Integrated Chassis Systems LLC, completed the purchase of a portion of Delphi Corporation’s North American brake component machining and module assembly assets, including production inventory, for approximately US$40 million.
In addition to the asset purchase, the company has leased a portion of Delphi’s former brake manufacturing facility in Saginaw, Michigan and commenced employment of hourly and salaried employees at the site.
In conjunction with the asset purchase, TRW is supplying General Motors with a portion of the business, predominantly braking modules, formerly supplied by Delphi at the Saginaw facility.
Headquartered in Livonia, Michigan, USA, TRW Automotive, through its subsidiaries, operates in 28 countries and employs approximately 63,800 people worldwide.