BorgWarner Declares Quarterly Dividend
21 Juillet 2006 - 3:25PM
PR Newswire (US)
AUBURN HILLS, Mich., July 21 /PRNewswire-FirstCall/ -- The board of
directors of BorgWarner Inc. (NYSE:BWA) has declared a quarterly
dividend of $0.16 per share on all of the company's issued and
outstanding common stock. The dividend is payable August 15, 2006
to stockholders of record on August 1, 2006. 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: Mary Brevard, +1-248-754-0881, or Ken
Lamb, +1-248-754-0884, both of BorgWarner Inc. Web site:
http://www.borgwarner.com/
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