Borgwarner Transmission Systems Inc.

Description

The move is expected to accelerate BorgWarner’s growth in the global all-wheel drive (AWD) market as it continues to shift toward front-wheel drive (FWD) based vehicles. The acquisition will add industry leading FWD/AWD technologies, with a strong European customer base, to BorgWarner’s existing portfolio of front- and rear-wheel drive based products. This enables BorgWarner to provide global customers with a broader range of all-wheel drive solutions to meet their vehicle needs.

BorgWarner’s turbocharger with low-pressure exhaust gas recirculation technology wins a 2012 Automotive News PACE Award. Three BorgWarner technologies are named finalists in the 2013 competition, including the regulated three-stage turbocharging system, advanced compact brushless actuator, and Visctronic® high-speed reservoir system. As the exclusive turbocharger supplier for the IZOD IndyCar® Series, BorgWarner’s EFR (Engineered for Racing) turbochargers complete the entire season and accumulate 212,000 miles during practice, test, qualifying and race events without incident.

BorgWarner wins a record five awards at the Automotive News PACE Awards ceremony with two finalists, two PACE OEM collaboration honors and a PACE innovation award for its variable turbine geometry turbocharger technology. The European Drivetrain Competence Center opens in Germany. The one millionth DualTronic® module is produced in Germany, and the one millionth InterActive Torque Management® (ITM®) all-wheel drive system is manufactured in South Carolina. BorgWarner's majority-owned subsidiary, SeohanWarner Turbo Systems, opens a new production facility in Korea.

BorgWarner's world headquarters moves from Chicago to the metro Detroit area, a key location in the worldwide automotive industry. BorgWarner acquires a majority interest in BERU AG, a leading supplier of diesel cold start technology, sensors, electronics and ignition technology. BorgWarner receives its first Automotive News PACE Award for its DualTronic® transmission system. PACE Awards honor superior innovation, technological advancement and business performance among automotive suppliers. BorgWarner opens an office in Shanghai and a production facility in Ningbo, China.

O n December 11, 2010, BorgWarner announced that it had signed an agreement to acquire the Traction Systems division of Haldex Group, a leading provider of innovative products for the global vehicle industry headquartered in Stockholm, Sweden.

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