BorgWarner Declares Quarterly Dividend
AUBURN HILLS, Mich., Jan. 20, 2006 -- The board of directors of BorgWarner Inc. has declared a quarterly dividend of $0.16 per share on all of the company's issued and outstanding common stock, a 14% increase over the previous dividend amount. The dividend is payable February 15, 2006 to stockholders of record on February 1, 2006.
Auburn Hills, Michigan-based 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 61 locations in 17 countries. Customers include Ford, DaimlerChrysler, General Motors, VW/Audi, Toyota, Hyundai/Kia, Renault/Nissan, Honda, Caterpillar, Navistar International, Peugeot, and BMW. The Internet address for BorgWarner is: http://www.borgwarner.com/ .