BorgWarner Transmission Systems Opens New Facility in France
December 13 2006 - 10:45AM
PR Newswire (US)
Investment Driven by Demand for Dual Clutch Transmission Product
Technology AUBURN HILLS, Mich., Dec. 13 /PRNewswire-FirstCall/ --
In response to increasing European demand for BorgWarner's
(NYSE:BWA) dual clutch transmission technology, known as
DualTronic(R), and associated new business gained in transmission
controls systems, BorgWarner Transmission Systems has opened a new,
170,000-square-foot facility in Eyrein, north of Tulle, France. The
new facility replaces a smaller facility in central Tulle and
includes application engineering, testing, prototyping and
manufacturing capabilities. It will produce solenoids for automatic
transmission controls as well as BorgWarner's DualTronic(R)
transmission control modules. The new facility currently employs
about 280 people. "As more customers and drivers experience the
improved fuel economy and dynamic performance of this exciting
technology, we expect the demand for dual clutch transmissions in
Europe to continue to grow significantly," said Dr. Bernd Matthes,
President and General Manager, BorgWarner Transmission Systems.
"BorgWarner is pleased to expand its capabilities in France in
order to accommodate increased demand for our dual clutch
transmission control modules and other transmission products."
Among the company and government officials attending the opening
ceremonies in early December were BorgWarner Chairman and CEO Tim
Manganello and the French Minister Delegate for Industry, Francois
Loos. BorgWarner's DualTronic(R) clutch and transmission control
technology enables a conventional, manual gearbox to function as a
fully automatic transmission by eliminating the "torque-interrupt"
feeling that occurs when a manual transmission shifts gears, while
delivering performance and fuel economy that rival that of a manual
transmission. The technology debuted on the VW Golf R32 DSG and the
Audi TT 3.2 in 2003. BorgWarner has announced five programs with
four customers, including VW/Audi, Getrag, another European OEM and
SAIC in China. Total BorgWarner dual clutch technology programs
announced to date represent over 1.5 million transmissions per year
at full production volumes. BorgWarner Transmission Systems is a
supplier to virtually every automatic transmission manufacturer in
the world. It produces "shift quality" components and systems
including one-way clutches, transmission bands, friction plates and
clutch-pack assemblies, and controls including transmission
solenoids, control modules and integrated mechatronic control
systems. 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 63 locations in
18 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: Mary Brevard of BorgWarner Inc.,
+1-248-754-0881 Web site: http://www.borgwarner.com/
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