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BWA BorgWarner Inc

34.51
1.33 (4.01%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BorgWarner Inc NYSE:BWA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.33 4.01% 34.51 34.62 33.04 33.26 2,367,614 01:00:00

BorgWarner Commends Beru For Winning 2005 Ford World Excellence Award

08/05/2006 5:12pm

PR Newswire (US)


BorgWarner (NYSE:BWA)
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AUBURN HILLS, Mich., May 8 /PRNewswire-FirstCall/ -- BorgWarner Inc. is pleased to announce that Beru AG, part of the BorgWarner Engine Group, has received the 2005 Ford Motor Company World Excellence Award -- Ford's highest supplier honor -- which recognizes suppliers who achieve the highest levels of cost, quality and delivery and embrace the vision to build on Ford's legacy and drive innovation to new heights. "Congratulations to Beru's global employees for earning this prestigious recognition from BorgWarner's largest customer," said Tim Manganello, BorgWarner Chairman and CEO. "The World Excellence Award recognizes suppliers who share Ford's vision and strive to achieve many of the same goals. Beru has demonstrated the ability to address the needs of its customers, and, in turn, helps Ford meet the needs of its customers. I am proud that Beru has distinguished itself with exceptional success in this vital aspect of our business." There are three types of World Excellence Awards - Gold, Silver and Recognition of Achievement. Beru received one of 13 Gold Awards at a May 3 ceremony in Dearborn, Michigan. Beru is a worldwide leading supplier of diesel cold start technology and a leading manufacturer of ignition technology for gasoline vehicles. The electronics and sensor technology of Beru provides more comfort and safety for applications in various engine and vehicle functions, with products such as direct-measuring tire-pressure monitoring systems and sensors for applications in engines, powertrain and exhaust systems. Auburn Hills, Michigan-based BorgWarner Inc. (NYSE:BWA) is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The FORTUNE 500 company operates manufacturing and technical facilities in 62 locations in 17 countries. Customers include Ford, VW/Audi, DaimlerChrysler, General Motors, Toyota, Renault/Nissan, Hyundai/Kia, Honda, BMW, Caterpillar, Navistar International, and Peugeot. 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 Risk Factors identified in the Form 10-K for the fiscal year ended December 31, 2005. The Company does not undertake any obligation to update any forward-looking statement. DATASOURCE: BorgWarner Inc. CONTACT: Beth Feikens of BorgWarner Inc., +1-248-754-0883 Web site: http://www.borgwarner.com/

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