BorgWarner Declares Quarterly Dividend

CHICAGO, July 18 -- The board of directors of BorgWarner Inc. has declared a quarterly dividend of $0.18 per share on all of the company's issued and outstanding common stock. The dividend is payable August 15, 2003 to shareholders of record on August 1, 2003.

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.

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