BWA BorgWarner Inc

In the news release, BorgWarner (NYSE: BWA) All-Wheel Drive System to Debut in 2007 Chrysler Sebring and 2008 Dodge Avenger, issued yesterday, Feb. 12, by BorgWarner Inc. over PR Newswire, we are advised by the company that all references to the 2007 Chrysler Sebring should be disregarded. Complete, corrected release follows: AUBURN HILLS, Mich., Feb. 13 /PRNewswire-FirstCall/ -- The 2008 Dodge Avenger will offer BorgWarner's Interactive Torque Management (ITM 3e(TM)) system as an option for drivers who value performance, fuel economy and stability. The sophisticated technology, which debuted last year, is the latest, next-generation interactive technology available as part of BorgWarner's growing iTrac(TM) torque management systems portfolio, a full line of active torque management devices focused on the needs of the expanding front-wheel drive/all-wheel drive market. "We are proud to launch another front-wheel, all-wheel drive application with DaimlerChrysler, using BorgWarner's new ITM 3e(TM) system," said Cindy Niekamp, President and General Manager, BorgWarner TorqTransfer Systems. "Building on our successful launch on the 2007 Chrysler Pacifica, adapting this technology to additional applications was the natural progression. As a global leader in advanced front-wheel drive-based all-wheel drive technology, we are pleased to provide the next generation of Dodge drivers with the enhanced vehicle traction, stability and handling that the system offers." In addition to providing the ITM 3e(TM) hardware, BorgWarner will also supply the electronics, software controls, and vehicle integration support. These capabilities are core competencies of BorgWarner and provide automakers like the Chrysler Group with outstanding vehicle performance. The ITM 3e(TM) system exercises sophisticated controls and algorithms to sense slip, and seamlessly converts the front-wheel drive-based platform to all-wheel drive within milliseconds. This augments vehicle handling by optimizing traction of both the front and rear wheels. At highway speeds, the system automatically reduces power transfer to the rear wheels, which improves fuel economy versus other all-wheel drive systems. In addition, the ITM 3e(TM) system is designed to work in cooperation with other vehicle systems like anti-lock brakes and electronic stability programs to further enhance traction and stability. 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 its most recently filed annual report or Form 10-K. 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/

Copyright