First 'China Heart' Awards Presented in Beijin
AUBURN HILLS, Mich., Jan. 25 -- Seven of China's ten best engines are equipped with systems and components from the BorgWarner (NYSE: BWA) Engine Group, including:
o Civic 1.8L from Dongfeng Honda
o Mazda 6 Wagon 2.3L from China First Automobile Works (FAW)
o Teana 3.5L from Dongfeng Nissan
o BMW 530i from Brilliance BMW
o Sagitar 1.8T from FAW-VW
o Audi A6L 2.0T from FAW-VW
o Oriental Son 2.0L from Chery
Timing chain systems, oil pumps, air pumps, water pumps and turbochargers
are some of the technologies BorgWarner produces for these notable engines.
Sponsored by Auto Sports magazine, a publication of China Automotive News,
China Heart is the first and only engine evaluation program in China. Thirty-
six engines were assessed by a panel of judges which included researchers from
Chinese institutes. All ten award-winning engines are produced in China.
"Congratulations to our winning customers. We are honored to supply
systems and components for these respected engines," said Tim Manganello,
BorgWarner Chairman and CEO. "We believe our technology in fuel economy,
reduced emissions and enhanced performance will help drive further growth in
the Chinese auto industry."
As the world's third largest automotive market, China is currently
experiencing unparalleled growth. Passenger vehicle sales in China are
expected to increase 30% in 2006 according to estimates by Citigroup Research.
As a result, global and domestic automakers plan to double passenger-vehicle
manufacturing capacity to 10 million units by 2010. Endeavoring to build their
domestic base, Chinese automakers are also launching new competitive brands,
especially in the luxury vehicle segment.
As China's automotive industry grows, the government is pressuring auto
makers to find solutions to the oil crisis while addressing environmental
concerns. BorgWarner's technology is specifically aimed at improving fuel
economy and reducing emissions to meet this increasing demand.
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: www.borgwarner.com.
SOURCE: BorgWarner Inc.
Web site: www.borgwarner.com
CO: BorgWarner Inc.
ST: Michigan, China