BorgWarner Releases Comparable 2002 Quarterly Data For Engine And Drivetrain Groups
CHICAGO, May 1 -- BorgWarner Inc. today released 2002 quarterly sales and earnings before interest and taxes for its Engine and Drivetrain Groups. The company organized its business into these two major groups, Engine and Drivetrain, at the end of 2002. The new structure is expected to provide increased synergies and enhance collaboration to facilitate the company's continued growth as a leader in powertrain innovation and technology.
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 43 locations in 14 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Hyundai/Kia, Caterpillar, Navistar International, PSA and VW. The Internet address for BorgWarner is: http://www.bwauto.com/ . For further information contact BorgWarner Corporate Communications at 312-322-8500.
Financial Table Follows BorgWarner Inc. 2002 Quarterly Segment Information ($ in millions) Sales Q1 02 Q2 02 Q3 02 Q4 02 2002 Drivetrain 253.7 288.3 277.5 302.6 1,122.1 Engine 389.3 434.2 416.5 408.2 1,648.2 Intercompany Eliminations (9.1) (10.1) (10.0) (10.0) (39.2) Total 633.9 712.4 684.0 700.8 2,731.1 EBIT Q1 02 Q2 02 Q3 02 Q4 02 2002 Drivetrain 19.6 29.5 22.3 28.0 99.4 Engine 48.9 59.6 47.2 56.7 212.4 Total 68.5 89.1 69.5 84.7 311.8
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