BorgWarner Expects $1.7 Billion in New Business for 2007-2009; Fuel Economy, Emissions and Performance Needs Drive Global Growth
27 Octobre 2006 - 3:25PM
PR Newswire (US)
AUBURN HILLS, Mich., Oct. 27 /PRNewswire-FirstCall/ -- BorgWarner
Inc. (NYSE:BWA) today announced $1.7 billion of expected net new
powertrain business for 2007 through 2009, continuing its pace of
growth that is faster than that of the auto industry. BorgWarner is
a leading provider of highly engineered engine and drivetrain
components and systems that address critical environmental needs
around the globe. The majority of the company's new business is
outside of North America. About 73% of the programs are expected to
be launched in Asia and Europe over the three-year period.
"BorgWarner is well positioned among vehicle suppliers to deliver a
broad range of powertrain technologies for fuel economy, reduced
emissions and enhanced vehicle stability and performance," said
Timothy M. Manganello, Chairman and CEO. "Over the next three
years, we believe that our technologies will be a strong growth
catalyst as we continue to serve the needs of our global customer
base. Our customer base, one of the most diverse in the industry,
continues to expand through new business." Of the total new
business, 73% is anticipated from engine-related products such as
turbochargers, ignition systems, emissions products, engine timing
systems, variable cam timing modules and thermal systems. The other
27% is expected in transmission modules and all-wheel drive
systems, including the company's fuel-efficient DualTronic(R)
transmission technology and electronic interactive torque
management systems. "As growth in the auto industry shifts
globally, our new business is expected to participate in that
growth and offset market changes in North America," said
Manganello. "Europe accounts for 46% of our expected new business.
In Asia, as our expansion there continues, new business has almost
doubled and sales are expected to account for about 27% of our new
business by the end of the period. Korea and China represent the
bulk of that new business. North America, while not growing, is
approximately 27% of the anticipated new business over the three
years and includes both transplants and domestic vehicle makers,"
he said. The company expects noteworthy new business during the
2007 through 2009 period to include: Engine Group * Next generation
passenger car turbochargers for a number of European OEMs *
Advanced turbochargers for light truck programs in North America
and commercial vehicle programs in Europe and North America *
Emissions products for a variety of applications and for an
expanding customer base worldwide * Thermal systems for a variety
of applications, including diesel pickups in North America and
commercial and light truck applications in China * Chain-driven
timing systems for North American, European and Asian OEMs *
Variable cam timing for North American and European OEMs * Beru's
Tire Safety Systems and Instant Start Systems for various OEMs
Drivetrain Group * DualTronic transmission technology for European
and Asian programs that move the technology further across a broad
range of applications * Transmission shifting assemblies and
controls for new North American six-speed transmissions *
Electronic all-wheel drive, front-wheel drive for North American,
Korean, and Chinese OEMs * All-wheel drive, rear-wheel drive
systems for a number of major global OEMs 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 Ken Lamb
+1-248-754-0884, both of BorgWarner Inc. Web site:
http://www.borgwarner.com/
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