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BWA BorgWarner Inc

32.59
0.86 (2.71%)
Last Updated: 20:29:00
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
  0.86 2.71% 32.59 32.84 32.26 32.48 1,100,269 20:29:00

BorgWarner Morse TEC Wins Honda Quality Supplier Award

07/08/2006 9:14pm

PR Newswire (US)


BorgWarner (NYSE:BWA)
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AUBURN HILLS, Mich., Aug. 7 /PRNewswire-FirstCall/ -- BorgWarner Morse TEC Japan has received a Honda Quality Performance Award for achieving zero defects and providing on-time delivery for a one-year period during 2005. BorgWarner was one of only four suppliers to receive the award, out of the 280 companies that supply Honda with vehicle components and systems. "As a company that is wholly invested in quality products, processes and performance on behalf of our customers, and one that prides itself on exceeding customer expectations in terms of zero defects and on-time delivery, BorgWarner is extremely honored to receive this prestigious recognition from Honda," said Alfred Weber, President and General Manager, BorgWarner Morse TEC. "The award is tangible evidence of our daily commitment to setting the industry standard in products and processes. I congratulate the employees of Morse TEC Japan for the dedication and hard work that led to this distinguished honor." 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 timing chain for motorcycle engines manufactured at Honda's facility in Hamamatsu, Japan, as well as Hy-Vo transmission chains, and engine timing components and systems including silent timing chains, sprockets, tensioners, and CVT chains. 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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