World-Famous BorgWarner Trophy to Honor Winner at Indy
CHICAGO, May 13, 2003 -- Every May, thoughts of racing fans the world over turn to the racing spectacle that will close out the month at the Indianapolis Motor Speedway. Opening Day will be followed by weekends of practice and qualifying, and there's never a lack of excitement during May at Indy. But the moment that counts will come at the finish line on the 25th, when a victory at the legendary Indianapolis 500 will earn the winner a place not only in racing history but at the base of the BorgWarner Indianapolis 500 Trophy(TM). The trophy, which features every Indy winner, made its first appearance in Victory Lane in 1936.
"In the Trophy, we have a unique emblem of both the rich tradition of our past and our vision of our future," said Tim Manganello, BorgWarner President and CEO. "In the 67 years since the now world-famous BorgWarner Indianapolis 500 Trophy was first presented at the Indianapolis Motor Speedway, the trophy has become a symbol -- to our employees, customers, and others in the auto industry -- of achievement, competitive performance, speed and technological excellence. These same words can be used to characterize BorgWarner."
At one time, the Indianapolis 500 was a proving ground for technology that had potential for use in mass-produced cars. Today, most of the specialized racing powertrain is custom-built. Even so, auto racing remains a powerful metaphor for the pinnacle of automotive technology. BorgWarner has built on its association with the race by establishing the BorgWarner Championship Driver's Trophy, a replica of the BorgWarner Indianapolis 500 Trophy, and the BorgWarner Team Owner's Trophy, a companion to the Championship Driver's Trophy. The Team Owner's Trophy goes to the owner of the racing team that wins the Indianapolis 500, and like the Championship Driver's Trophy is a replica of the Indianapolis 500 trophy. For more information on these as well as the Indianapolis 500 Trophy, go to www.bwauto.com and click on "About BorgWarner", then "Indy 500 Trophy."
"We'll be proud to congratulate the winner of this year's race, and add another name to the ranks of outstanding drivers who have distinguished themselves as winners of the BorgWarner Indianapolis 500 Trophy," Manganello said.
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, Renault/Nissan, Peugeot and VW/Audi. The Internet address for BorgWarner is: http://www.bwauto.com/. For further information contact BorgWarner Corporate Communications at 312-322-8500.
The BorgWarner Indianapolis 500 Trophy(TM) is a registered trademark of
BorgWarner Inc.
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, 2002.
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