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Borg-Warner Automotive to Sell Coleman Cable

25 August 1999

Borg-Warner Automotive to Sell Coleman Cable

    CHICAGO, Aug. 25 -- Borg-Warner Automotive, Inc.
announced today that it has signed a definitive agreement to sell Coleman
Cable, a producer of wire and cable for utilities and other industries, to a
group of equity investors including management for an estimated $144 million
less debt of approximately $4 million.  Borg-Warner Automotive acquired
Coleman Cable as part of its purchase of Kuhlman Corporation in March 1999.
    "When we bought Kuhlman last spring, we said that the company's electrical
and cable businesses were outside our strategic focus and would be sold," said
John F. Fiedler, chairman and chief executive officer of Borg-Warner
Automotive.  "We are pleased to announce this agreement, one of two we
anticipate will occur during the third quarter.  These sales will enable us to
continue to pursue our growth strategy through powertrain product leadership
while maintaining our financial strength."
    The transaction is subject to customary conditions including governmental
approvals, and is also subject to finalization of the buyer's financing.  The
buyer has indications of interest for such financing and had advised
Borg-Warner Automotive that executed commitment letters should be forthcoming.
The transaction is expected to close by Sept. 30, 1999.
    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 serving worldwide vehicle manufacturers.  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, 1998.