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Borg-Warner Announces Exchange Ratio for Stock of Kuhlman Acquisition

24 February 1999

Borg-Warner Automotive Announces Exchange Ratio for Stock Portion of Kuhlman Acquisition
    CHICAGO, Feb. 24 -- Borg-Warner Automotive, Inc.
announced that the exchange ratio for the stock portion of its acquisition of
Kuhlman Corporation has been fixed at .85545, assuming that the
merger is completed as expected on March 1, 1999.
    In the merger, approximately 22% of the outstanding common stock of
Kuhlman will be converted into Borg-Warner Automotive common stock and the
remaining 78% will be converted into $39.00 per share in cash.  Kuhlman
shareholders have until 5:00 p.m. on February 26, 1999 to elect to receive
.85545 of a share of Borg-Warner Automotive common stock of $39.00 in cash for
each of their Kuhlman shares, subject to proration, or to change an election
made previously.  As previously announced, all regulatory approvals necessary
for the completion of the Kuhlman acquisition have been received.
    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, 1997.
    Note: Borg-Warner Automotive press releases are available on the Internet
at http://www.bwauto.com or via Company News On-Call:
http://www.prnewswire.com, or via fax, 800-758-5804, ext. 120941.