Borg-Warner Automotive Turbo Systems Announces Global Organization
8 April 1999
Borg-Warner Automotive Turbo Systems Announces Global Organization
INDIANAPOLIS, April 7 -- Borg-Warner Automotive Turbo Systems
has organized into a single global business unit focused on integration of its
turbocharger and cooling systems business to serve engine and vehicle makers
worldwide.
BWA Turbo Systems will have four global profit centers. These centers are
Passenger Car Engine Turbochargers, Commercial Diesel Engine Turbochargers and
Dampers, Cooling System Components, and Aftermarket. "The integration
leverages the strengths of our people and regional operations to create a
unified global strategy," said John F. Fiedler, chairman and chief executive
officer of Borg-Warner Automotive. "With the increased need to improve
emission performance of engines, the demand for our products is expected to
outpace the demand for engines and vehicles. With a single global business
unit, we will be able to meet that demand and increase BWA content in a wide
range of engine applications."
Commented Tim Campbell, BWA Turbo Systems president and general manager,
"We have put together an excellent management team, drawn from both BWA's
European and North American turbocharger businesses, as well as other
operations." His management team includes the following vice presidents:
Alfred Weber, Passenger Car Engine Turbochargers; Udo Schwerdel, Commercial
Diesel Engine Turbochargers and Dampers; Bruce Dufour, Cooling System
Components; David Keiner, Aftermarket; Ulli Froehn, Turbo Sales and Product
Development; Tom Flaherty, Global Strategic Sourcing, James Verrier, Human
Resources; and Richard Prange, Controller.
The operations being integrated into BWA Turbo Systems include the
turbocharger and cooling systems business acquired from Kuhlman Corporation in
March of 1999 and the 3K-Warner turbocharger business in Europe which was
acquired in 1998. They include manufacturing and technical facilities in
Kirchheimbolanden, Germany; Bradford, England; Campinas, Brazil; Indianapolis,
Ind.; Asheville, N.C.; Gainesville, Ga.; and Cadillac, Mich.
Chicago-based Borg-Warner Automotive, Inc. is a product leader
in highly engineered components and systems for vehicle powertrain
applications worldwide. The company operates 54 manufacturing and technical
facilities in 13 countries. Customers include Ford, DaimlerChrysler, General
Motors, Toyota, Caterpillar, Navistar and VW.
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.