BorgWarner Reiterates 2008 Guidance
Share:
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: www.borgwarner.com.
CONTACT: Mary Brevard, +1-248-754-0881,
or Ken Lamb, +1-248-754-0884,
both for BorgWarner Inc.
Web site: www.borgwarner.com
