BorgWarner Congratulates BERU for Winning Automechanika Innovation Award
September 25 2006 - 9:50AM
PR Newswire (US)
AUBURN HILLS, Mich., Sept. 25 /PRNewswire-FirstCall/ -- BERU AG, in
which BorgWarner holds a majority stake, has been honored with a
2006 Automechanika Innovation Award for its pressure-sensor glow
plug. The award jury, comprised of leading representatives of
science, industry and the media, considered criteria such as
originality, functionality, quality and environmental compatibility
in assessing more than 100 nominations from 80-some companies in 15
countries. The BERU glow plug was honored in the "Parts" category,
and was one of only 13 innovations selected in 8 product
categories. "As the world's leading supplier of diesel cold-start
technology, BERU's technology contributes much to fuel economy and
emissions reduction," said Tim Manganello, BorgWarner Chairman and
CEO. "The integrated combustion-chamber sensor that earned BERU its
most recent award helps automakers comply with increasingly
stringent exhaust regulations for diesel engines. I'm proud to
congratulate BERU for its leadership in this area of vital
importance to the industry and the environment." The BERU
pressure-sensor glow plug provides accurate and stable pressure
signals from the engine combustion chamber, permitting the use of
closed-loop controls in series production. The system consists of a
robust heating rod from the BERU diesel Instant Starting System,
combined with a sensor that records the quickly changing pressure
levels in the combustion chamber and relays the information to the
electronic engine controls. The product will be launched in late
2007 for use in diesel vehicles manufactured by two of the world's
largest OEMs. The Automechanika Innovation awards were presented
September 12 in Frankfurt, Germany, during the opening celebration
of the Automechanika trade fair, a leading international automotive
industry event. Auburn Hills, Michigan-based BorgWarner Inc.
(NYSE:BWA) is a product leader in highly engineered components and
systems for vehicle powertrain applications worldwide. The FORTUNE
500 company operates manufacturing and technical facilities in 62
locations in 17 countries. Customers include Ford, VW/Audi,
DaimlerChrysler, General Motors, Toyota, Renault/Nissan,
Hyundai/Kia, Honda, BMW, Caterpillar, Navistar International, and
Peugeot. The Internet address for BorgWarner is:
http://www.borgwarner.com/ . 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,
many of which are difficult to predict and generally beyond the
control of the Company, that could cause actual results to differ
materially from those expressed, projected or implied in or by 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 Risk Factors identified in the
Form 10-K for the fiscal year ended December 31, 2005. The Company
does not undertake any obligation to update any forward-looking
statement. DATASOURCE: BorgWarner Inc. CONTACT: Beth Feikens of
BorgWarner Inc., +1-248-754-0883 Web site:
http://www.borgwarner.com/
Copyright
BorgWarner (NYSE:BWA)
Historical Stock Chart
From Jun 2024 to Jul 2024
BorgWarner (NYSE:BWA)
Historical Stock Chart
From Jul 2023 to Jul 2024