BorgWarner Commends Beru For Winning 2005 Ford World Excellence Award
09 May 2006 - 2:12AM
PR Newswire (US)
AUBURN HILLS, Mich., May 8 /PRNewswire-FirstCall/ -- BorgWarner
Inc. is pleased to announce that Beru AG, part of the BorgWarner
Engine Group, has received the 2005 Ford Motor Company World
Excellence Award -- Ford's highest supplier honor -- which
recognizes suppliers who achieve the highest levels of cost,
quality and delivery and embrace the vision to build on Ford's
legacy and drive innovation to new heights. "Congratulations to
Beru's global employees for earning this prestigious recognition
from BorgWarner's largest customer," said Tim Manganello,
BorgWarner Chairman and CEO. "The World Excellence Award recognizes
suppliers who share Ford's vision and strive to achieve many of the
same goals. Beru has demonstrated the ability to address the needs
of its customers, and, in turn, helps Ford meet the needs of its
customers. I am proud that Beru has distinguished itself with
exceptional success in this vital aspect of our business." There
are three types of World Excellence Awards - Gold, Silver and
Recognition of Achievement. Beru received one of 13 Gold Awards at
a May 3 ceremony in Dearborn, Michigan. Beru is a worldwide leading
supplier of diesel cold start technology and a leading manufacturer
of ignition technology for gasoline vehicles. The electronics and
sensor technology of Beru provides more comfort and safety for
applications in various engine and vehicle functions, with products
such as direct-measuring tire-pressure monitoring systems and
sensors for applications in engines, powertrain and exhaust
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 62 locations in
17 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: Beth Feikens of BorgWarner Inc.,
+1-248-754-0883 Web site: http://www.borgwarner.com/
Copyright
BorgWarner (NYSE:BWA)
Historical Stock Chart
From Jun 2024 to Jul 2024
BorgWarner (NYSE:BWA)
Historical Stock Chart
From Jul 2023 to Jul 2024