Contracts
New contracts in 2007

- In January 2007, the Company announced that TRW Automotive Components (Shanghai) Co., Ltd. (TACS) is supplying the Roewe 750 from Shanghai Automobile Industry Corp. (SAIC) with an Electronic Stability Control system that combines the capabilities of ABS and traction control with a lateral stability control feature.

- In July 2007, the Company announced that it is supplying its Electronic Stability Control (ESC) system to several new vehicles, including the MINI Cooper and Cooper S hardtops, the Saab 9-3, and various General Motors heavy-duty pickup trucks.

- In August 2007, the Company announced that it is supplying a full spectrum of its active and passive safety systems to the new 2008 Dodge Grand Caravan and Chrysler Town & Country minivans.

- In November 2007, the Company announced that it is launching its Slip Control Boost (SCB) advanced regenerative-compatible braking system to provide full Stabilitrak functionality for the new Chevrolet Tahoe and GMC Yukon hybrid sport utility vehicle.

- In November 2007, the Company announced that it is supplying its column drive electric power steering (EPS) system for Mazda 2 which is called Demio in Japan. The Company launched the electric power steering system on the Demio when 2008 model sales began in Japan in early July 2007.

- In November 2007, the Company announced that its subsidiary, TRW Automotive Japan Co., Ltd. is supplying advanced braking systems, including electronic stability control, to the latest versions of Mazda Motor Corp's CX-9 sport utility vehicles. It is also supplying ball joint suspension components.

Joint Ventures
- In FY2007, the Company formed joint ventures in India with Sun to Manufacture steering wheel.

Acquisitions
- In September 2007, a subsidiary of the Company has entered into an asset sale and purchase agreement with Delphi for the sale of a portion of Delphi's North American brake component machining and assembly assets. The proposed transaction between the Company and Delphi contemplates the sale of various brake component machining and assembly equipment from operations in Saginaw, MI, Springhill, TN, and Oshawa, Canada., the sale of productive inventory, and a five year lease (with an opportunity to extend) on a portion of Delphi's brake manufacturing facility in Saginaw, MI.

FY2008
The Company expects the following figures in FY2008;
Sales: $15.6 - $16.0 billion
Restructuring Expenses: $50 million
Capital Spending: slightly less than 4% of sales

-The Company operates a global network of technical centers worldwide where the Company employs approximately 5,000 engineers, researchers, designers, technicians and their supporting functions.
-The Company funded research, development and engineering costs totaled $893 million in FY2007.
- Total research, development and engineering costs as a percentage of sales were 6.1% in FY2007.

Product Development
Electrically Powered Steering (EPS) Belt Drive system:
The system brings the fuel efficiency and carbon dioxide reduction benefits of an electric steering system to higher rack load vehicles as compared to its current Column Drive EPS system. The Belt Drive system only consumes noticeable power when steering assist is needed, providing considerable fuel consumption benefits and reduced CO2 emissions. The energy consumption of an EPS system is just ten per cent of a conventional hydraulic power steering (HPS) system as power assist engages only when needed. This system will be launched on North American models in 2008 and European models in 2009.

Thin wide bridge caliper technology (TWB):
TWB technology combines the dual benefits of increased fuel economy with longer brake life. With the thin wide bridge design, the caliper bridge thickness is reduced by 45 percent in comparison to a conventional brake caliper design, while the width is increased by 40 percent. This 45 percent decrease in bridge thickness allows for an increase in piston effective radius which, when combined with larger pads and rotors, can equate to a significant increase in brake torque output. The housings on the thin wide design are lighter than their predecessors, promoting better vehicle fuel economy. TWB housings also accommodate larger diameter rotors and friction pad areas, which tend to reduce rotor-running temperatures, brake fade and pad wear.

Overseas Investment
China
- In June 2007, the Company has signed an agreement with the National Center of Supervision and Inspection of Motor Vehicle Products Quality (Shanghai) to co-invest in dynamic test capabilities supporting the occupant safety system (OSS) development of domestic Chinese customers.

Slovakia
- In July 2007, the Company's Engineered Fasteners & Components business expanded operations in the growing market of Eastern Europe with the addition of a new plant in Bytca, Slovakia. The new plant, TRW Automotive Slovakia s.r.o., will manufacture interior and cockpit components.
- In December 2007, the Company opened a new manufacturing plant in Slovakia to beef up production of electric steering systems. The new steering systems site, TRW Steering Systems Slovakia, will produce precision motors for electrically assisted steering systems, located in Nove Mesto nad Vahom.It is expected to be fully operational in March of 2008. The facility increases capacity from the current two million units per year and is expected to produce over three million motor units annually.

Japan
- In November 2007, the Company opened a new, custom-designed 5,000 square meter Japan Engineering Center (JEC) in Yokohama, housing research and development, application engineering and full product testing capabilities. The JEC broadens and consolidates TRW's technical presence in Japan. The facility will also provide a common location for all four engineering groups including steering & suspension, braking, occupant safety, and integrated safety systems and include advanced test equipment for all product lines.