Automotive-Parts Supplier BorgWarner's Long-Term Outlook Remains

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Automotive-Parts Supplier BorgWarner's Long-Term Outlook Remains Positive

SUGAR LAND, TX -- (MARKET WIRE) -- Jan 19, 2009 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Despite being hit hard by the worldwide economic crisis, BorgWarner Incorporated (NYSE:BWA) (Auburn Hills, Michigan), an international automotive-parts supplier, remains optimistic for growth. In the long term, the company sees an opportunity to remain profitable, as the need for fuel economy and reduced emissions are driving its $2.1 billion backlog of new business over the next three years, CEO Tim Manganello said. In November 2007, Industrial Info began tracking an $18 million manufacturing plant expansion that BorgWarner had planned in Longview, Texas. The project, which was scheduled to begin construction in August 2008, was canceled before it kicked off.

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