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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 Supplies 7 of China's 10 Best Engines

25/01/2007 2:45pm

PR Newswire (US)


BorgWarner (NYSE:BWA)
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From Jul 2019 to Jul 2024

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First 'China Heart' Awards Presented in Beijing AUBURN HILLS, Mich., Jan. 25 /PRNewswire-FirstCall/ -- Seven of China's ten best engines are equipped with systems and components from the BorgWarner (NYSE:BWA) Engine Group, including: * Civic 1.8L from Dongfeng Honda * Mazda 6 Wagon 2.3L from China First Automobile Works (FAW) * Teana 3.5L from Dongfeng Nissan * BMW 530i from Brilliance BMW * Sagitar 1.8T from FAW-VW * Audi A6L 2.0T from FAW-VW * Oriental Son 2.0L from Chery Timing chain systems, oil pumps, air pumps, water pumps and turbochargers are some of the technologies BorgWarner produces for these notable engines. Sponsored by Auto Sports magazine, a publication of China Automotive News, China Heart is the first and only engine evaluation program in China. Thirty- six engines were assessed by a panel of judges which included researchers from Chinese institutes. All ten award-winning engines are produced in China. "Congratulations to our winning customers. We are honored to supply systems and components for these respected engines," said Tim Manganello, BorgWarner Chairman and CEO. "We believe our technology in fuel economy, reduced emissions and enhanced performance will help drive further growth in the Chinese auto industry." As the world's third largest automotive market, China is currently experiencing unparalleled growth. Passenger vehicle sales in China are expected to increase 30% in 2006 according to estimates by Citigroup Research. As a result, global and domestic automakers plan to double passenger-vehicle manufacturing capacity to 10 million units by 2010. Endeavoring to build their domestic base, Chinese automakers are also launching new competitive brands, especially in the luxury vehicle segment. As China's automotive industry grows, the government is pressuring auto makers to find solutions to the oil crisis while addressing environmental concerns. BorgWarner's technology is specifically aimed at improving fuel economy and reducing emissions to meet this increasing demand. 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 63 locations in 18 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: Mary Brevard, +1-248-754-0881, or Dave Peterson, +1-248-754-0883, both of BorgWarner Inc. Web site: http://www.borgwarner.com/

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