BorgWarner Supplies Five of Ward's '10 Best Engines 2003'
CHICAGO, Jan. 30 -- Five of the "10 Best Engines 2003" selected by Ward's Auto World -- the Volkswagen 1.8L turbocharged DOHC I-4, the Honda 2L DOHC I-4, the Ford 6L Power Stroke OHV V-8 Turbo Diesel, the Nissan 3.5L DOHC V-6, and the DaimlerChrysler 5.7L Hemi Magnum OHV V-8 -- are equipped with systems and components from the BorgWarner Engine Group. "Since its inception in 1995, Ward's 10 Best Engines has evolved into an influential gauge of powertrain engineering and development prowess," said Bill Visnic, Ward's Auto World senior technical editor. "Most of this year's winners power some of the market's best-performing vehicles -- on the road and on the sales charts." Nominations for the award are limited to engines that are available in a regular-production vehicle available for sale in the current calendar or model year, and are fitted in a passenger vehicle with a total base price of no more than $52,500. BorgWarner supplies engine timing system components to the Honda 2L DOHC I-4, the Nissan 3.5L DOHC V-6, and the DaimlerChrysler 5.7L Hemi Magnum OHV V-8. The latter also has a BorgWarner fan drive. A BorgWarner turbocharger, fan, fan clutch and viscous fan drive are on the VW 1.8L turbocharged DOHC I-4. The Ford 6L Power Stroke OHV V-8 Turbo Diesel has a BorgWarner crankshaft damper and cooling fan, as well as a Visctronic(TM) electronically controlled fan drive and exit guide vane on Super Duty applications. "Half of this year's winning engines include systems and components that are supplied by BorgWarner, and we congratulate five of our valued customers -- Honda, Volkswagen, Ford, Nissan, and DaimlerChrysler," said Tim Manganello, BorgWarner President and COO. "We're proud of this most recent testament to BorgWarner's growing presence on the engine side of the business and to our geographically diverse customer base." BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 50 locations in 14 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Hyundai/Kia, Caterpillar, Navistar International, PSA and VW Group. The Internet address for BorgWarner is: http://www.bwauto.com . For further information contact BorgWarner Corporate Communications at 312-322-8500. Investor conference calls are webcast by Thomson / PR Newswire. 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, which could cause actual results to differ materially from those projected or implied in 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, 2001.