2014

BorgWarner Named North American Transfer Case Supplier For Toyota Tundra BorgWarner Expected to Create more than 150 New Jobs

AUBURN HILLS, Mich., March 24, 2014 /PRNewswire/ -- BorgWarner's facility in Seneca, South Carolina, was formally named the North American supplier of two-speed, part-time four-wheel drive transfer cases for the Toyota Tundra pickup truck. To celebrate the business award and product launch, a special event was held on March 21, attended by the Senior Vice President of Toyota Motor Engineering and Manufacturing North America (TEMA) Chris Nielsen, U.S. Senator Lindsey Graham, South Carolina Secretary of Commerce Bobby Hitt, state and local government officials, and BorgWarner executives and employees. Along with other new business, this award from Toyota is expected to create more than 150 regular full-time jobs at the BorgWarner plant, which currently employs over 650 people.

"With the help of economic and other incentives from the state of South Carolina, BorgWarner has invested nearly $60 million in the Seneca facility and created over 470 new jobs in the past five years," said Dr. Stefan Demmerle, President and General Manager, BorgWarner TorqTransfer Systems. "The outstanding reputation our employees have built as a premier transfer case supplier has led directly to this major new business award with Toyota. This launch represents a significant milestone for BorgWarner, Toyota, the state and the local economy."

"We consider the transfer case BorgWarner is producing here to be the global benchmark, and as our production in North America continues to increase, we need our supply base to grow with us," said Chris Nielsen, Senior Vice President, Toyota Motor Engineering and Manufacturing North America, Inc. "Strong suppliers, such as BorgWarner, will continue to be critically important to Toyota."

BorgWarner's transfer cases for the Toyota Tundra switch between two-wheel and four-wheel drive while moving (or "shifting-on-the-fly"), using an electromagnetic-based synchronization system to synchronize the front and rear axle speeds before locking them together. Unlike conventional mechanical systems, BorgWarner's electromagnetic-based system provides a smooth, quiet and consistent transition from two-wheel to four-wheel drive with the turn of a dial. The transfer case featured in the Toyota Tundra is also equipped with BorgWarner's HY-VO® transfer case chain, optimized for high-efficiency and durable performance.

About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for powertrains around the world. Operating manufacturing and technical facilities in 60 locations in 19 countries, the company delivers innovative powertrain solutions to improve fuel economy, reduce emissions and enhance performance. 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.

Photo - http://photos.prnewswire.com/prnh/20140324/DE89015

SOURCE BorgWarner Inc.



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