BorgWarner's Morse TEC Timing System Chosen for New Generation of 4-Cylinder Engines
BorgWarner's Morse TEC Timing System Chosen for New Generation of 4-Cylinder Engines
CHICAGO, Aug. 21 BorgWarner has been selected by a major European OEM to supply silent timing chain systems for the auto maker's new generation of middle-size 4-cylinder gasoline engines. This is the first application of Morse TEC timing systems in this customer's vehicles. BorgWarner Morse TEC will supply up to 500,000 timing system units per year, beginning January 2002. The systems will be manufactured at Morse TEC's Arcore, Italy facility. "We are proud to have been chosen by this new customer to supply timing chain systems, with the optimum noise, vibration and harshness (NVH) performance of our systems being a major driver for that decision," said Roger Wood, President and General Manager, BorgWarner Morse TEC. "This new business, which is expected to increase Morse TEC Europe sales by five percent, also reflects the trend in Europe away from belts to chains in timing systems." All major timing chain manufacturers were involved in this quotation process. BorgWarner Morse TEC is a global leader in the design and manufacture of automotive chain systems and components for engine timing, automatic transmission and four-wheel drive applications. Chicago-based BorgWarner is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 46 locations in 13 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar International and VW Group. The Internet address for BorgWarner is http://www.bwauto.com . For additional information, contact BorgWarner Corporate Communications at (312) 322-8500. 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, 2000.
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