BorgWarner Helps Car Manufacturers Comply With New Stringent Government Regulations In Brazil
BorgWarner's Innovative Powertrain Technologies Support New INOVAR-AUTO Regime Goals by Improving Fuel Economy, Reducing Emissions and Enhancing Performance
AUBURN HILLS, Mich., June 18, 2013 /PRNewswire/ -- BorgWarner is expanding its technology leadership in highly engineered engine and drivetrain components in the growing Brazilian automotive market. The latest government regulations, INOVAR-AUTO, aim to increase technological development to improve fuel economy, innovation, environmental protection and energy efficiency as well as the quality and safety of vehicles and auto parts produced in Brazil. With its new production facility and engineering center in Brazil, BorgWarner is ideally positioned to support car manufacturers in complying with the new regulations. In addition, the company expects to benefit from the sharp rise in production in Brazil and strengthen its local market position as a leading supplier of environmentally friendly technologies such as gasoline and diesel turbochargers, dual-clutch transmission technology, engine timing systems and emissions products for passenger cars and commercial vehicles.
"The increasing demand for our fuel-efficient powertrain solutions is driving significant growth for our business in Brazil. The new Brazilian regulations coincide with BorgWarner's global growth strategy – engineering advanced technologies to improve fuel economy, reduce emissions and enhance performance," said James R. Verrier, President and Chief Executive Officer, BorgWarner. "With our new facilities and nearly 40 years of market experience in Brazil, BorgWarner is well-positioned to adapt production and introduce new technologies to serve our customers' needs quickly and efficiently."
BorgWarner's new and expanded 215,200-square-foot (20,000-square-meter) Brazilian plant and engineering center will serve customers with BorgWarner's advanced fuel-efficient technologies.
With a total area of nearly 100,000 square meters, the campus also offers additional space for future expansion. The increasing demand for BorgWarner's technologies in Brazil results from new government legislation which will begin to take effect in 2013 and become increasingly more rigorous. The legislation also includes a 12 percent average reduction in the fuel consumption of cars and light vehicles by 2017. To support the reductions, BorgWarner offers engine and drivetrain technologies, including optimization of its leading turbocharging technologies for gasoline engines that use Brazilian fuel containing 20-25 percent ethanol.
BorgWarner entered the Brazilian market with its facility in Campinas in 1975. Since then, the company has established a market-leading position in turbocharger, fan and fan drive production. BorgWarner plans to begin production for variable camshaft timing (VCT) technology and engine timing systems soon.
Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 57 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit 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 outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans," "potential," "project," "pursue," "seek," "should," "target," "when," "would," 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 our control, 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 vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.
SOURCE BorgWarner Inc.
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