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27th July 2005 - TRW Automotive to Build North American Vehicle Development Test Track in Locke Township Primary Purpose will be the Development of Active Safety Systems for Braking, Steering and Suspension Products TRW Automotive Holdings Corp. today announced that its Kelsey-Hayes Co. subsidiary plans to build a vehicle development test track slated to begin operation as early as fall, 2006 in Locke Township, Michigan. The proposed facility won approval by the Locke Township Planning Commission at its meeting on July 25. Located on 262 acres of land near the Michigan state capitol of Lansing, the new center's primary purpose will be the development of active safety systems for the company's braking, steering and suspension products. The facility will be situated less than 10 miles from TRW's world-class manufacturing facility in Fowlerville, Michigan. "Advancing the state of active safety technologies such as electronic stability control, anti-lock braking and traction control is a high priority for TRW as the global leader in automotive safety systems," said John Plant, President and CEO of TRW Automotive. "In pursuit of that goal, we are pleased to announce the first phase of building a world-class test track that will support the development and validation of a wide range of active safety products." Initial work at the new test facility will concentrate on the construction of a skid pad which will rank among the world's largest low-friction tiled surface areas for all-weather testing of advanced brake control systems. This phase of construction is expected to be complete in the fall of 2006 or early in 2007. Later phases will add a vehicle dynamics area, traction control grades and a high-banked oval. The TRW Automotive Vehicle Development Center will be a commuter track with no permanent employees in its earliest phases, but is expected to eventually employ more than a dozen full-time engineers and track technicians. The track will support staged testing of up to 24 vehicles in dynamic maneuvers with additional capacity for staging and testing an estimated 200 vehicle fleet. "TRW looks forward to being a significant contributor to the local economy in Locke Township and in the surrounding area," said Josef Pickenhahn, vice president of braking engineering for TRW. "The test track has been carefully planned to have minimal impact on the environment and will not require added infrastructure such as new or expanded roadways. The facility will also include high berms and fencing to minimize noise and ensure safety and security." About TRW With 2004 sales of $12.0 billion, TRW Automotive ranks among the world's top 10 automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 60,000 people in 24 countries. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at www.trwauto.com . Forward-Looking Statements This release contains statements that are not statements of historical fact, but instead are forward-looking statements. All forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those contained in forward-looking statements made in this release. Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in the TRW Automotive Holdings Corp. Report on Form 10-K for the fiscal year ended December 31, 2004 (the "10K"), and our Report on Form 10-Q for the quarter ended April 1, 2005, and include: possible production cuts by our customers; escalating pricing pressures from our customers; severe inflationary pressures impacting the markets for ferrous metals and other commodities; non-performance by, or insolvency of, our suppliers and customers; our substantial leverage; interest rate risk arising from our variable rate indebtedness; the highly competitive automotive parts industry and its cyclicality; product liability and warranty and recall claims; our dependence on our largest customers; loss of market share by domestic vehicle manufacturers; limitations on flexibility in operating our business contained in our debt agreements; fluctuations in foreign exchange rates; the possibility that our owners' interests will conflict with ours; work stoppages or other labor issues and other risks and uncertainties set forth under "Risk Factors" in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements. Source: TRW Automotive Press Release
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