| BorgWarner Transmission Systems Breaks Ground For New Facility In France; Investment Driven By Demand For DualTronic™ Controls Systems (English) - December 5, 2005
Auburn Hills, Michigan, December 5, 2005 -- In response to increasing demand for BorgWarner DualTronic™ transmission technology in Europe and associated new business gained in transmission controls systems, BorgWarner Transmission Systems has broken ground for a new, 160,000-square-foot facility in Eyrein, north of Tulle, Correze, France.
The operation will include application engineering, testing and manufacturing capabilities for these systems.BorgWarner currently manufactures solenoids and transmission control modules at a plant in Tulle, and plans to move that operation’s employees and production to the new facility when it is completed in the summer of 2006.
“We are very encouraged by the growth of dual-clutch transmissions in Europe,” said Dr. Bernd Matthes, President and General Manager, BorgWarner Transmission Systems.“BorgWarner is pleased to expand its capabilities in France in order to accommodate increased production of DualTronic™ controls systems and other transmission products.We believe the momentum for this technology will continue to increase, as more customers and drivers experience the fuel economy and performance benefits of this exciting technology.”BorgWarner executives hosted regional and national government officials and other guests at a groundbreaking celebration earlier this fall.
BorgWarner Transmission Systems is a supplier to virtually every automatic transmission manufacturer in the world.It produces “shift quality” components and systems including one-way clutches, transmission bands, friction plates and clutch-pack assemblies, and controls including transmission solenoids, control modules and integrated mechatronic control 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 company operates manufacturing and technical facilities in 62 locations in 17 countries.Customers include Ford, DaimlerChrysler, General Motors, VW/Audi, Toyota, Hyundai/Kia, Renault/Nissan, Honda, Caterpillar, Navistar International, Peugeot, and BMW.The Internet address for BorgWarner is: http://www.borgwarner.com.
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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 Cautionary Statements filed as Exhibit 99.1 to the Form 10-K for the fiscal year ended December 31, 2004.The Company does not undertake any obligation to update any forward-looking statement.
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