AUBURN HILLS, Mich.,
Oct. 18, 2021 /PRNewswire/
-- BorgWarner, a global product leader delivering innovative
and sustainable mobility solutions for the vehicle market, has been
recognized as a top-performing global supplier at the
23rd annual Ford World Excellence Awards. BorgWarner was
announced as a Create Must-Have Products winner today at Ford Motor
Company's virtual event.
"We are honored to receive this World Excellence Award for the
Battery Electric Vehicle Integrated Drive Module from our long-time
customer Ford," said Frédéric Lissalde, president and CEO,
BorgWarner Inc. "This recognition reflects the hard work and
dedication the BorgWarner team puts into ensuring our clean and
efficient technologies are of the highest quality and meet the
mobility needs of the present and future.
"Ford Motor Company's World Excellence Awards recognize our
top-performing suppliers around the world for helping bring the
Ford+ plan to life," said Hau
Thai-Tang, chief product platform and operations officer.
"Suppliers like BorgWarner are key to Ford's continued success as
we leverage foundational strengths to build new capabilities and
enrich customer experiences."
Honorees are recognized for achieving the highest levels of
global excellence in categories including:
- Primary brand pillar awards – Treat Customers Like Family, Turn
Around Automotive Operations and Compete Like a Challenger, Create
Must-Have Products
- Diversity and inclusion awards for suppliers that excel in
integrating diversity into their organization and business
process
- Sustainability awards for suppliers that improve the business
environment
- Gold and Silver Quality awards for supplier manufacturing sites
demonstrating superior quality, delivery and cost performance
throughout the year
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a
global product leader delivering innovative and sustainable
mobility solutions for the vehicle market. Building on its original
equipment expertise, BorgWarner also brings market leading product
and service solutions to the global aftermarket. With manufacturing
and technical facilities in 96 locations in 23 countries, the
company employs approximately 50,000 people worldwide. For more
information, please visit borgwarner.com.
Forward-Looking Statements: This press release may
contain forward-looking statements as contemplated by the 1995
Private Securities Litigation Reform Act that are based on
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statements of historical fact contained or incorporated by
reference in this press release that we expect or anticipate will
or may occur in the future regarding our financial position,
business strategy and measures to implement that strategy,
including changes to operations, competitive strengths, goals,
expansion and growth of our business and operations, plans,
references to future success and other such matters, are
forward-looking statements. Accounting estimates, such as those
described under the heading "Critical Accounting Policies and
Estimates" in Item 7 of our Annual Report on Form 10-K for the year
ended December 31, 2020 ("Form
10-K"), are inherently forward-looking. All forward-looking
statements are based on assumptions and analyses made by us in
light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate under the
circumstances. Forward-looking statements are not guarantees of
performance, and the Company's actual results may differ materially
from those expressed, projected or implied in or by the
forward-looking statements.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
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. These risks and uncertainties, among others, include:
the difficulty in forecasting demand for electric vehicles and our
EV revenue growth to 2030; the ability to identify targets and
consummate acquisitions on acceptable terms; failure to realize the
expected benefits of acquisitions; the ability to identify
appropriate combustion portfolio businesses for disposition and
consummate planned dispositions on acceptable terms; competitive
challenges from existing and new competitors including OEM
customers; the challenges associated with rapidly-changing
technologies, particularly as relates to electric vehicles, and our
ability to innovate in response; uncertainties regarding the extent
and duration of impacts of matters associated with the
COVID-19/coronavirus pandemic, including additional production
disruptions; the failure to realize the expected benefits of the
acquisition of Delphi Technologies PLC that the Company completed
on October 1, 2020; the failure to
realize the expected benefits of the acquisition of AKASOL AG that
the Company completed on June 4, 2021
or a delay in the ability to realize those benefits; the failure to
successfully execute on a timely basis our taking private strategy
with respect to AKASOL; the failure to promptly and effectively
integrate acquired businesses; the potential for unknown or
inestimable liabilities relating to acquired businesses; our
dependence on automotive and truck production, both of which are
highly cyclical and subject to disruptions; our reliance on major
OEM customers; commodities availability and pricing; supply
disruptions impacting the Company or the Company's customers, such
as the current shortage of semi-conductors that has impacted OEM
customers and the Company; fluctuations in interest rates and
foreign currency exchange rates; availability of credit; our
dependence on key management; our dependence on information
systems; the uncertainty of the global economic environment; the
outcome of existing or any future legal proceedings, including
litigation with respect to various claims; future changes in laws
and regulations, including, by way of example, tariffs, in the
countries in which we operate; impacts from any potential future
acquisition or divestiture transactions; and the other
risks, including, by way of example, pandemics and
quarantines, noted in reports that we file with the Securities
and Exchange Commission, including Item 1A, "Risk Factors" in our
most recently-filed Annual Report on Form
10-K and/or Quarterly Report on Form 10-Q. We do not
undertake any obligation to update or announce publicly any updates
to or revisions to any of the forward-looking statements in this
press release to reflect any change in our expectations or any
change in events, conditions, circumstances, or assumptions
underlying the statements.
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SOURCE BorgWarner