DOW JONES NEWSWIRES

TRW Automotive Holdings Corp. (TRW) announced plans to sell at least 14 million shares as the auto-parts maker looks to take advantage of its stock's recent surge.

Shares have more than doubled since late June and are up nearly sixfold this year, closing Friday at $20.27. They fell 7.5% premarket to $18.75. Many companies have used run-ups in their stocks to raise capital through selling new shares.

TRW has about 101 million shares outstanding.

The company last week said it swung to a second-quarter loss as production cutbacks by auto makers eroded its financial footing. However, TRW joined a growing list of auto parts makers that are beginning to see signs of stabilization after making drastic job cuts over the past year. Results were improved from the first quarter.

Up to 15% more shares in addition to the 14 million can be sold if investor demand is sufficient.

-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com