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BWA BorgWarner Inc

34.51
1.33 (4.01%)
After Hours
Last Updated: 22:35:18
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 2,367,611 22:35:18

BorgWarner Receives Excellent Supplier Award from Leading Chinese Heavy-Duty Commercial Truck Manufacturer CNHTC

14/04/2011 1:30pm

PR Newswire (US)


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AUBURN HILLS, Mich., April 14, 2011 /PRNewswire/ -- BorgWarner Turbo Systems received an Excellent Supplier Award for outstanding performance in delivery and quality from China National Heavy Duty Truck Group Corporation (CNHTC), one of China's leading heavy-duty commercial vehicle manufacturers.

"We are honored to receive this recognition from CNHTC," said Pete Kohler, President, BorgWarner Global Commercial Market Development. "In 2010, BorgWarner Turbo Systems experienced very strong growth, particularly in the Chinese commercial vehicle market. I would like to congratulate our team for demonstrating its ability to provide our customers in China with world-class quality under challenging market growth conditions."

Since 2006, BorgWarner's plant in Ningbo, China, has produced over one million turbochargers for a variety of vehicles from passenger cars to commercial trucks. BorgWarner expects demand for its advanced turbocharging technologies to continue to increase as OEMs strive to meet lower emissions requirements without sacrificing performance.

About BorgWarner Turbo Systems

BorgWarner Turbo Systems is a leading global supplier of turbochargers for diesel- and gasoline-powered passenger cars, light trucks and commercial vehicles. A pioneer in turbocharging technology, BorgWarner Turbo Systems continues to lead advancements in the industry with innovations designed to improve fuel economy, reduce emissions and optimize vehicle performance.

About BorgWarner

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 60 locations in 18 countries. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. 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 outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans,"  "potential," "project," "pursue," "seek," "should," "target," "when," "would," 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 our control, 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 vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.

SOURCE BorgWarner Inc.

Copyright 2011 PR Newswire

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