BORGWARNER MORSE TEC CHAIN DRIVES INDY 500 AND COCA-COLA 600 WINNERS TO CHAMPIONSHIP PERFORMANCES

 

CHICAGO, May 28 /PRNewswire-FirstCall/ -- Sunday marked a championship day for BorgWarner (NYSE: BWA). The company's Morse TEC group designed and produced the high-durability timing drive chains on the winning cars driven by Helio Castroneves in the Indianapolis 500 and Mark Martin in the Coca-Cola 600.

Roush Industries and BorgWarner Morse TEC combined efforts to develop the new-generation multi-indexing Hy-Vo® timing chain set, the latest application of a design that is typically used on global OEM and front-wheel and four-wheel drive transmission and transfer case chain applications. The 9600 chain is twice as strong as a standard production-style roller chain and three times as strong as a timing belt, addressing the durability challenges that race teams have with traditional timing systems. In addition, the efficiency and low friction of the 9600 rocker joint chain at the high RPM of race engines provides more horsepower as well as fuel economy advantages.

The 26 cars powered by Chevrolet IRL engines in Sunday's Indy 500 race were also equipped with the Morse TEC Hy-Vo® 9600 rocker joint chain. Mark Martin's car was powered by a Ford 5.8L NASCAR Winston Cup engine.

BorgWarner Morse TEC is a global leader in the design and manufacturing of automotive chain systems and components for engine timing, automatic transmission and four-wheel drive applications. BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 50 locations in 14 countries including joint ventures, with combined worldwide sales of $2.7 billion in 2001. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Caterpillar, Navistar International, PSA and VW Group. The Internet address for BorgWarner is: www.bwauto.com. For further information contact BorgWarner Corporate Communications at 312-322-8500. Investor conference calls are webcast at: www.vcall.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, 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, 2001.

 

 

 
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