During the second quarter, our sales were $4.2 billion, an increase of over 8%, adjusting for currency and divestitures. This is a positive outcome and evidence of the increasing demand for TRW's technologies considering the decline in the European vehicle production and the negative impact of currency movements between the 2 periods.Operating profit and margin before special items was $339 million and 8%, respectively. Included in our Q2 operating profit is an accrual for the fine to resolve the U.S. antitrust investigation. This accrual pertains not -- only to the Department of Justice investigation. At this point, the company cannot estimate the financial impact resulting from the European Commission's investigation. We will evaluate developments in this matter on a regular basis and will record an accrual as and when appropriate.
TRW Automotive Holdings Management Discusses Q2 2012 Results - Earnings Call Transcript
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