BorgWarner Reiterates 2008 Guidance |
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BorgWarner Corporate Headquarters
3850 Hamlin Rd.
Auburn Hills, MI, 60604
USA
Press release date: February 7, 2008
Date: 2/7/2008 5:52:00 PM
AUBURN HILLS, Mich., Feb. 7 - BorgWarner today reiterated its expectations for 2008 full year earnings of $2.85 to $3.00 per share. Additionally, BorgWarner still expects to achieve sales growth of 8% to 10% in 2008 compared with 2007 and operating margins to be up from 2007 and within its historical range of 8.5% to 9.0%.
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 64 locations in 17 countries. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. The Internet address for BorgWarner is: http://www.borgwarner.com.
CONTACT: Mary Brevard, +1-248-754-0881,
or Ken Lamb, +1-248-754-0884, both for BorgWarner Inc.
Web site: http://www.borgwarner.com
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