BorgWarner Positioned For Growth, CEO Says

Chicago-based automotive-systems manufacturer BorgWarner Inc. expects to do $950 million in new powertrain business from 2001 through 2003. CEO John F. Fiedler, commenting on the Nov. 15 statement, says the company's technological capabilities are propelling the growth. "We believe that we can outpace the growth in our industry because our technology addresses the needs of our vehicle-maker customers to improve fuel economy, air quality, and provide solutions to the growing concern about vehicle stability," Fiedler says. The new business will come from BorgWarner's engine products, four-wheel drive business, and a new market in transmission technology. BorgWarner operates 60 manufacturing and technical facilities in 13 countries. Major customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar, and Volkswagen.