BorgWarner Begins Production of Turbochargers For Hyundai/Kia Motor Company
11 Juillet 2005 - 5:45PM
PR Newswire (US)
BorgWarner Begins Production of Turbochargers For Hyundai/Kia Motor
Company AUBURN HILLS, Mich., July 11 /PRNewswire-FirstCall/ --
BorgWarner (NYSE:BWA) has begun production of turbochargers for
Hyundai/Kia Motor Company, Korea as part of its continuing
expansion in the Asian market. The first products to be
manufactured are BV43 turbocharger systems with variable turbine
geometry (VTG). The systems are produced at BorgWarner's Korean
joint venture company, SeohanWarner Turbo Systems, for the new Kia
Sorento 2.5 CRDI VTG diesel engine. The engine initially will be
available only in Korea. "In earning the business to supply
turbochargers to Hyundai Motor Company, we have made a decisive
step toward serving the Korean market," said Lee Wilson, President
and General Manager, BorgWarner Turbo Systems. The BV43 represents
the latest in VTG turbocharger technology from BorgWarner, and
offers improved thermodynamics and optimized control behaviour
while at the same time ensuring much higher reliability than the
previous VTG product. BorgWarner Turbo Systems is a leading
designer and manufacturer of turbochargers for the passenger car
and commercial vehicle markets. 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 62 locations in 17 countries. Customers include Ford,
DaimlerChrysler, General Motors, VW/Audi, Toyota, Hyundai/Kia,
Renault/Nissan, Honda, Caterpillar, Navistar International,
Peugeot, and BMW. 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 Cautionary Statements filed as
Exhibit 99.1 to the Form 10-K for the fiscal year ended December
31, 2004. The Company does not undertake any obligation to update
any forward-looking statement. DATASOURCE: BorgWarner Inc. CONTACT:
Beth Feikens, Manager, Corporate Communications of BorgWarner Inc.,
+1-248-754-0883 Web site: http://www.borgwarner.com/
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