BorgWarner to Present Championship Driver's Trophy, Team Owner's Trophy at Indianapolis 500 Drivers Meeting Saturday

Gil de Ferran and Roger Penske to Be Honored for 2003 Victory

CHICAGO, May 24 -- His 2003 Indianapolis 500 victory put his face on the base of the world-famous BorgWarner Indianapolis 500 Trophy. On Saturday, Gil de Ferran will be presented with his own "Baby Borg" to mark the achievement. BorgWarner Chairman and CEO Tim Manganello will present the BorgWarner Championship Driver's Trophy to de Ferran at Saturday's 2004 Indianapolis 500 Drivers Meeting at the Indianapolis Motor Speedway. He will also present winning Team Owner Roger Penske with his third consecutive BorgWarner Team Owner's Trophy.

The BorgWarner Indianapolis 500 Trophy made its inaugural appearance in Victory Lane in 1936. This year, a new base was constructed and attached to the Trophy to add capacity for future winners through 2034.

"Winners of the Indianapolis 500 are among the most legendary champions in the world of auto racing," said Tim Manganello, BorgWarner Chairman and CEO. "Not only do they earn a place in racing history, but their images are immortalized in sterling silver on the BorgWarner Indianapolis 500 Trophy. We are delighted to honor Gil de Ferran and Roger Penske for their shared victory at last year's race, and are proud to present these tangible symbols of their memorable performance."

The BorgWarner Championship Driver's Trophy, a replica of the BorgWarner Indianapolis 500 Trophy, is awarded each year to the winner of the Indianapolis 500. The sterling silver trophy, referred to in the automotive racing world as the "Baby Borg," is 14 inches high and weighs 5 pounds. It rests on a 4-inch by 8-inch beveled black marble base. The base includes space for a hand-crafted, 2-inch, 3-dimensional sterling silver image of the winning driver's face, and also includes an inscription of the winning driver and year of victory. BorgWarner established the trophy in 1988, so that each winner of the Indianapolis 500 would have a lasting keepsake of the Speedway victory. (The BorgWarner Indianapolis 500 Trophy does not go home with the winner after it is presented in Victory Circle on race day; it stays on permanent display at the Indianapolis Motor Speedway Hall of Fame Museum.) The first Championship Driver's Trophy went to Rick Mears, winner of the 1988 Indianapolis 500.

In 1998, to mark the company's 70th year as a pioneering innovator in the automotive industry, BorgWarner established the BorgWarner Team Owner's Trophy, a companion to the Championship Driver's Trophy. As its name reflects, the Team Owner's Trophy goes to the owner of the racing team that wins the Indianapolis 500, and recognizes the significance of the team owner's role in the Indy Racing League. Like the Championship Driver's Trophy, the Team Owner's Trophy is a replica of the Indianapolis 500 trophy, but has a band of art-deco racing cars accentuated in gold to symbolize the importance of teamwork in auto racing and the automotive business. Its first recipient was 1997 Indianapolis 500 winner Arie Luyendyk's team owner, Fred Treadway of Treadway Racing.

Manganello noted that had the Team Owner's award been established earlier, Roger Penske would be accepting his thirteenth this year. Penske Racing was also the team owner of Indianapolis 500 winners in 1972, 1979, 1981, 1984, 1985, 1987, 1988, 1991, 1993, 1994, 2001 and 2002.

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.