Timing System Solutions for Gasoline Engines

CHICAGO, Aug. 6 -- In its first engine management business with Hyundai, BorgWarner Morse TEC will supply complete timing systems for several applications of Hyundai gasoline engines. The total volume of timing systems for Hyundai engines across several platforms is expected to exceed 1,000,000 units.

"This new business with Hyundai reflects the global move from rubber belts to chain timing systems, especially the trend toward silent chains," said Roger Wood, BorgWarner Morse TEC President and General Manager. "Automaker and driver benefits of the silent timing chain technology include increased durability, increased horsepower, reduced noise and vibration and improved packaging. In addition, in engineering and providing a total system solution, Morse TEC is providing Hyundai with performance benefits and optimized value." Wood noted that Morse TEC's globalization strategy enables the company to support Hyundai not only in Korea, but wherever else it may decide to expand throughout the rest of the world.

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. 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 including joint ventures, with combined worldwide sales of $2.7 billion in 2001. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, 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 at: http://www.videonewswire.com/borgwarner.