TRW Automotive's braking plant in Saginaw County is shutting down. As a result nearly 600 will end up losing their jobs. Supplies will be shipped over the next several months while operations are gradually scaled back . The AP is reporting the reason for the closing: not enough new business. TRW is one of the largest suppliers of automotive equipment, components and systems with over 200 facilities worldwide and about 65,000 employees in dozens of countries. It's headquartered in Livonia. The company was founded in 1904.

TRW - Photo by Getty Images

.