BorgWarner TorqTransfer Systems Beijing Wins two Distinguished Customer Awards
06 Février 2007 - 7:58PM
PR Newswire (US)
AUBURN HILLS, Mich., Feb. 6 /PRNewswire-FirstCall/ -- BorgWarner
(NYSE:BWA) TorqTransfer Systems has recently received distinguished
awards from two leading Chinese OEMs: NAVECO and Great Wall Motor.
The NAVECO 2006 Excellent Supplier Award recognizes product
quality, customer service, and on-time delivery. One of 22 award
winners chosen by NAVECO from its more than 300 suppliers,
BorgWarner TorqTransfer Systems Beijing has supplied all-wheel
drive transfer cases for NAVECO's government and commercial
vehicles since 2001. "We believe the customer-focused spirit of the
Beijing team, along with our technology and commitment to on-time
delivery, have led to this result," said Cindy Niekamp, President
and General Manager, BorgWarner TorqTransfer Systems. NAVECO, a
joint venture established by Nanjing Automotive Corporation (NAC)
and IVECO (a company of the Fiat Group), is a light and medium
commercial vehicle and engine manufacturer based in China. "The
2006 Best Research and Development Award from Great Wall Motor is
in recognition of TorqTransfer Systems Beijing's successful
development of a part-time electric shift-on-fly (ESOF) transfer
case to support Great Wall Motor's launch of the Hover SUV and
Wingle Pickup," said Tom Tan, General Manager, TorqTransfer Systems
Beijing. The new transfer case will also be utilized in Great Wall
Motor's Safe SUV, Sine SUV, and Deer Pickup to continuously improve
all-wheel drive performance. TorqTransfer Systems Beijing is one of
only eight suppliers to win the award among Great Wall Motor's 500
suppliers. Great Wall Motor is the largest privately-owned
automotive manufacturer in China, and the first privately-owned
Chinese auto company listed in the Hong Kong Stock Market. "We are
proud of this outstanding performance in China and believe these
awards prove we are on the way to becoming China's leader in
all-wheel drive solutions," said Cindy Niekamp. TorqTransfer
Systems Beijing is a BorgWarner majority-owned joint venture with
Beijing Automotive Industry Corporation (BAIC). The company
currently serves customers such as NAVECO, Great Wall Motor,
Zhengzhou Nissan, Beijing Benz, Huatai Motor, and Zhongxing Motor
for their all-wheel drive systems. 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 David Peterson, +1-248-754-0883, both of
BorgWarner Inc. Web site: http://www.borgwarner.com/
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