BorgWarner Wins 2005 Automotive News PACE Award For Industry-First DualTronic(TM) Transmission Technology.
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. 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.
CONTACT: Beth Feikens of BorgWarner Inc., +1-248-754-0883
Web site: http://www.borgwarner.com/
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|Date:||Apr 12, 2005|
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