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In this area, TRW has automotive parts plants and other facilities in Winona, Galesville and Ettrick.
The company said in July that it expected to post a full-year profit of $2.40 per share to $2.70 per share on $16.4 billion to $16.8 billion in sales.
Analysts polled by Thomson Reuters expect, on average, a 2008 profit of $2.45 per share on $16.57 billion in sales and third-quarter profit of 3 cents per share.
The auto supplier said its sales have been lower than expected in the months since it issued its guidance, while its restructuring and commodity costs have increased significantly.
In addition, the consumer shift in preferences away from trucks and sport-utility vehicles toward smaller, more fuel-efficient vehicles has had a larger effect than the company expected, TRW said.
In light of those issues, TRW said it continues to realign its capacity and lower its fixed-cost structure, which will result in a higher level of restructuring and asset impairment charges in the second half of 2008.
The company said it plans to provide an updated 2008 guidance when it announces its third quarter results on Oct. 30.
