BorgWarner Selected by Industry Week Magazine as One of World's 100 Best-Managed Companies
22 August 2000
BorgWarner Selected by Industry Week Magazine as One of World's 100 Best-Managed CompaniesCHICAGO, Aug. 22 BorgWarner is on the fifth annual list of IndustryWeek's "World's 100 Best-Managed Companies" in the manufacturing industry. Candidates for the distinction were culled from the IndustryWeek 1000, a list of the world's largest publicly held manufacturing companies based on revenues. Each company was selected after a lengthy evaluation of the company's financial performance, practices in areas such as community involvement and safety, and voting by a panel of more than 90 business leaders, analysts and academics. "This recognition is a testament to the hard work and dedication of BorgWarner people worldwide," said John F. Fiedler, BorgWarner chairman and chief executive officer. "We can all take pride in this evidence of commitment to our Product Leadership growth strategy." "IndustryWeek's 100 Best-Managed Companies are the world's leaders in innovative management strategies," says John Brandt, publisher and editor-in- chief of IW. "Their emphasis on long-term growth makes them models for every corporation." Chicago-based BorgWarner is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates 60 manufacturing and technical facilities in 13 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar, PSA and VW Group. The Internet address for BorgWarner is http://www.bwauto.com .