Production cuts at Ford in North America are starting to hit suppliers. TRW announced yesterday that it is revising its full year 2006 outlook.
Go deeper with GlobalData
TRW is now forecasting full year sales of between US$13bn and US$13.2bn, down from US$13.3bn.
TRW said figures would mainly be affected by production cuts of the Ford F-series pickup.
Around two-thirds of TRW’s revenue is generated outside North America.
TRW has been restructuring to reduce costs and move production to lower cost countries. It is currently completely work to close around 12 plants – work that should be completed by the end of 2007.
According to Reuters, Navistar announced that it would lay off nearly 400 workers following Ford’s decision to cut production. Navistar supplies diesel engines for F-series trucks.
