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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 00:20:00

BorgWarner Morse TEC Japan Honored with Mazda Quality Award

28/08/2006 3:55pm

PR Newswire (US)


BorgWarner (NYSE:BWA)
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AUBURN HILLS, Mich., Aug. 28 /PRNewswire-FirstCall/ -- BorgWarner Morse TEC Japan has been honored by Mazda for achieving the OEM's quality target of less than 10 ppm for three consecutive years. PPM is an industry acronym for "parts per million". The Mazda award recognizes a supplier for quality performance of fewer than 10 defects per one million products manufactured. "As the global auto industry grows more competitive, our customers have increasingly high expectations in terms of supplier quality, delivery, and performance," said Alfred Weber, President and General Manager, BorgWarner Morse TEC. "This award is compelling evidence that BorgWarner is meeting or exceeding those expectations. We are very proud and honored to receive it." BorgWarner Morse TEC supplies the entire engine timing system for the Ford Mazda I4 2.0 L and 2.4 L engines. The system consists of a timing chain, crank sprocket, two cam sprockets, tensioner arm, hydraulic tensioner, timing guide, oil pump chain, oil pump guide and oil pump tensioner. Weber noted that Morse TEC Japan was also one of only four suppliers to receive the 2005 Honda Quality Performance Award, which recognizes excellent supplier performance in terms of zero defects and on-time delivery. "BorgWarner Morse TEC Japan has distinguished itself as an exceptional performer in the eyes of our customers," he said. "I congratulate our employees for exemplifying the BorgWarner commitment to Product Leadership, and for continuing to strive for excellence in every aspect of our business." BorgWarner Morse TEC is a global leader in the design and manufacturing of automotive chain systems and components for engine timing, automatic transmission and four-wheel drive applications. The BorgWarner Morse TEC operations in Nabari City and Aoyama produce Hy-Vo transmission chains, engine timing components and systems including silent timing chains, sprockets, tensioners, and timing chain for motorcycle engines. 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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