BorgWarner Reiterates 2008 Guidance
07 Février 2008 - 11:52PM
PR Newswire (US)
AUBURN HILLS, Mich., Feb. 7 /PRNewswire-FirstCall/ -- BorgWarner
today reiterated its expectations for 2008 full year earnings of
$2.85 to $3.00 per share. Additionally, BorgWarner still expects to
achieve sales growth of 8% to 10% in 2008 compared with 2007 and
operating margins to be up from 2007 and within its historical
range of 8.5% to 9.0%. 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 64
locations in 17 countries. Customers include VW/Audi, Ford, Toyota,
Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler,
Fiat, BMW, Honda, John Deere, PSA, and MAN. 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 our control, 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 vehicle production, the
continued use of outside suppliers, fluctuations in demand for
vehicles containing our products, changes in general economic
conditions, and other risks detailed in our filings with the
Securities and Exchange Commission, including the Risk Factors,
identified in our most recently filed Annual Report on Form 10-K.
We do not undertake any obligation to update any forward-looking
statements. DATASOURCE: BorgWarner Inc. CONTACT: Mary Brevard,
+1-248-754-0881, or Ken Lamb, +1-248-754-0884, both for BorgWarner
Inc. Web site: http://www.borgwarner.com/
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