Following its near collapse during the 2008 financial crisis, the U.S. automotive industry continues its pronounced rebound on the heels of positive economic momentum and strong fundamental demand drivers. In North America, over 15.6 million vehicles were sold in the third quarter alone - the strongest figure since 2007 - with vehicle production up 6% year-over-year. What is becoming a more sustained global recovery has also benefited international automotive markets; vehicle sales in China and Brazil continue to trend higher, and even the European auto industry has grown modestly year-over-year despite the region's economic woes.
TRW Automotive (NYSE:TRW) ("TRW" or "the Company") is one of the top global suppliers to the automotive industry, and its deep expertise in...
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