Auto Parts Winners and Losers: TRW

Shares of auto-parts suppliers soared Thursday on news that the Obama administration was going to help the beleaguered industry with $5 billion in loans.

"The Supplier Support Program will help stabilize a critical component of the American auto industry during the difficult period of restructuring that lies ahead," said Treasury Secretary Timothy Geithner in a prepared statement.

Under the program, the government will assure that suppliers are paid for the products they ship to automakers and will buy receivables at a modest discount, providing "suppliers with desperately needed funding to operate their businesses and help unlock credit more broadly in the supplier industry," the Treasury Department said. ...