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Old 10-31-2006, 09:52 AM   #1
NYCshopper
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Default BorgWarner Brings First Dual-Clutch Transmission Technology to China

BorgWarner Brings First Dual-Clutch Transmission Technology to China

Press Release:
Quote:
BorgWarner Brings First Dual-Clutch Transmission Technology to China

BorgWarner Inc. (NYSE: BWA) will provide its industry-first DualTronic(R) transmission technology to Shanghai Automobile Gear Works Co. Ltd. (SAGW), a subsidiary of Shanghai Automotive Industry Co. Ltd. (SAIC), for the development of China's first dual-clutch transmission.

"As a global powertrain technology leader, BorgWarner is proud to
participate in introducing the first dual-clutch transmission to China,"
said Bernd Matthes, President and General Manager, BorgWarner Transmission
Systems. "This collaboration means that drivers in China can now experience
the same exhilarating performance and improved fuel economy that our
European DualTronic(R) customers enjoy."

BorgWarner's DualTronic(R) technology enables a conventional-looking
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. DualTronic(R) debuted on the VW Golf R32 DSG and the
Audi TT 3.2 in 2003, and is now found on a number of applications within VW
Group.

"This advanced technology will be first applied in China in our new
SAIC Roewe 750," said Mr. Yang Chunbao, Vice President, Shanghai Automotive Industry Co. Ltd. and President, Shanghai Automobile Gear Works Co. Ltd.

"This is our first project with BorgWarner and we look forward to more
cooperation in the future."

BorgWarner will develop and provide five production modules, which
include the dual clutch, the torsional vibration damper, the hydraulic
controls with shift actuation, the synchronizers and the hydraulic pump.
The transmission assembly will be jointly developed by SAGW and GIF, a
German engineering company. Transmission assembly production will be
conducted at SAGW in China.

"We are excited about how the expertise of SAGW, GIF and BorgWarner
have been combined to bring cutting-edge transmission technology solutions
to the rapidly expanding China market," said Freeman Shen, President,
BorgWarner China.

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.
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Old 10-31-2006, 11:21 AM   #2
FrankRizzo
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Chinese "knock-off" version available in 5...4...3..2..1...

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