AUBURN HILLS, Mich., April 12 /PRNewswire-FirstCall/ -- BorgWarner Inc.
was named a 2005 Automotive News PACE Award winner at a ceremony yesterday in
Detroit. The award recognizes automotive suppliers for superior innovation,
technological advancement and business performance.
BorgWarner was recognized for its DualTronic(TM) clutch and control module
transmission technology, which enables a conventional-looking gearbox to
function as a fully automatic transmission while delivering performance and
fuel economy that rivals a manual transmission. The DualTronic(TM) system
debuted to rave reviews on the VW Golf R32 DSG and Audi TT 3.2 DSG in 2003.
The technology is now available on six VW/Audi vehicles and will be introduced
on several other VW/Audi vehicles in 2005.
"A PACE Award is prestigious recognition for the BorgWarner team that
collaborated so successfully with VW to bring the DualTronic(TM) system to
fruition, and I couldn't be more proud of them," said Tim Manganello,
BorgWarner Chairman and CEO. "I am likewise delighted by this affirmation of
BorgWarner's global powertrain product leadership, and the remarkable results
that are achieved when we put it to work on behalf of our customers."
The 11th annual PACE (Premier Automotive Suppliers' Contribution to
Excellence) Award was presented by Automotive News, Capgemini and
Transportation Research Center Inc. (TRC Inc.). The competition was open to
suppliers who contribute products, processes, materials or services directly
to the manufacture of cars or trucks. The Automotive News PACE Award is
recognized around the world as the industry symbol of innovation. BorgWarner
earned winner status following an extensive review by industry, academic and
business leaders including a comprehensive written application and a site
visit to BorgWarner Transmission Systems in Ketsch, Germany.
Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a product
leader in highly engineered components and systems for vehicle powertrain
applications worldwide. The company operates manufacturing and technical
facilities in 62 locations in 17 countries. Customers include Ford,
DaimlerChrysler, General Motors, VW/Audi, Toyota, Honda, Hyundai/Kia,
Caterpillar, Navistar International, Renault/Nissan, Peugeot, and BMW. The
Internet address for BorgWarner is: http://www.borgwarner.com .
Statements contained in this news release may contain forward-looking
statements as contemplated by the 1995 Private Securities Litigation Reform
Act that are based on management's current expectations, estimates and
projections. Words such as "expects," "anticipates," "intends," "plans,"
"believes," "estimates," variations of such words and similar expressions are
intended to identify such forward-looking statements. Forward-looking
statements are subject to risks and uncertainties, many of which are difficult
to predict and generally beyond the control of the Company, that could cause
actual results to differ materially from those expressed, projected or implied
in or by the forward-looking statements. Such risks and uncertainties
include: fluctuations in domestic or foreign automotive production, the
continued use of outside suppliers by original equipment manufacturers,
fluctuations in demand for vehicles containing the Company's products, general
economic conditions, as well as other risks detailed in the Company's filings
with the Securities and Exchange Commission, including the Cautionary
Statements filed as Exhibit 99.1 to the Form 10-K for the fiscal year ended
December 31, 2004. The Company does not undertake any obligation to update
any forward-looking statement.
SOURCE BorgWarner Inc.
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Related links:
http://www.borgwarner.com
CONTACT:
Beth Feikens of BorgWarner Inc.,
+1-248-754-0883
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