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BorgWarner Louis Schwitzer Award Candidates Announced

INDIANAPOLIS, Ind., May 14 -- The Indiana Section of the Society of Automotive Engineers (SAE) today announced six candidates for the 38th annual Borg Warner Louis Schwitzer Award, which will be presented May 21, 2004 at the Indianapolis Motor Speedway. The award, presented to engineers by engineers, honors early racing pioneer Louis Schwitzer, and acknowledges individuals with the courage and conviction to explore and develop new concepts in racing technology.

The award is sponsored by BorgWarner Inc. and presented by the Indiana Section of SAE. This year's winner will be announced at a news conference at the Indianapolis Motor Speedway Media Center at 10 a.m., Friday, May 21, 2004. Candidates for this year's award are individuals who are responsible for the following technologies:

   -- Dallara IR4 Chassis
   -- Honda HI4R-A Engine
   -- Panoz G Force GF09B Chassis
   -- Toyota RV8I Engine
   -- Chevrolet IRL Engine
   -- 2004 Delphi IRL Safety Truck

Each May, SAE members interview candidates and select the winner, who receives a $5,000 check from BorgWarner, as well as a plaque. All winners' names are listed on the BorgWarner Louis Schwitzer pedestal in the Speedway Hall of Fame Museum. Last year's recipient was Gian Paolo Dallara for the Dallara IR3 Chassis. Past winners of the BorgWarner Louis Schwitzer Award have included Bruce McLaren, Smokey Yunick, A.J. Foyt, and Parnelli Jones.

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.

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, 2003.