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BWA Bwa Group

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Share Name Share Symbol Market Type Share ISIN Share Description
Bwa Group LSE:BWA London Ordinary Share GB0004368980 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BorgWarner to Build Turbochargers and EGR Valves for First Automotive Works (FAW) in China

11/08/2009 1:30pm

PR Newswire (US)


Bwa Group (LSE:BWA)
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China's Largest Vehicle Maker Relies on BorgWarner's Proven Turbo Technology to Lower Emissions, Increase Fuel Economy and Improve Performance AUBURN HILLS, Mich., Aug. 11 /PRNewswire-FirstCall/ -- BorgWarner has been selected to supply turbochargers and exhaust gas recirculation (EGR) valves for various cars and light commercial vehicles manufactured by First Automotive Works (FAW), China's oldest and largest vehicle manufacturer, beginning in 2010. Located in Changchun, China, FAW sold 1.5 million vehicles in 70 countries last year. BorgWarner's proven turbocharging and EGR technologies will help FAW meet China 4 emissions standards, which are equivalent to Euro 4 emissions standards. "In China, increasingly strict emissions legislation is driving the trend toward turbocharged gasoline engines with smaller displacement. Vehicles are more fuel efficient, more eco-friendly and more powerful," said Roger Wood, President and General Manager, BorgWarner Turbo & Emissions Systems. "When it came to developing its new engines, FAW chose to rely on BorgWarner's turbocharging and EGR expertise. Our new cooperation with FAW marks a continuation of BorgWarner's expansion in Asia." BorgWarner's proven turbocharging technology will be employed for FAW's newly developed 1.3-liter and 2.0-liter gasoline engines for the compact and midsize car segment. BorgWarner is also supplying the EGR valve for the 3.0-liter diesel power unit for FAW's light commercial vehicles, up to three tons. All three engines comply with Euro 4 and China 4 emissions standards. With production facilities located in Ningbo, China, BorgWarner has the flexibility and capacity to meet FAW's requirements and serve the Chinese market. BorgWarner Turbo & Emissions Systems is a leading global producer of turbochargers, exhaust gas recirculation valves and other engine air management systems for passenger cars, light trucks and commercial vehicles. These systems are designed to improve fuel economy, reduce emissions and enhance vehicle performance. 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 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 expectations, estimates and projections. Words such as "outlook", "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 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 of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, and other risks detailed in our filings 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 any forward-looking statements. DATASOURCE: BorgWarner Inc. CONTACT: Erika Nielsen of BorgWarner Inc., +1-248-754-0422 Web Site: http://www.borgwarner.com/

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