BWA BorgWarner Inc

INDIANAPOLIS, May 19 /PRNewswire-FirstCall/ -- The 40th annual Louis Schwitzer Award honors Penske Racing, Inc. engineers Thomas German, Justin Horning, and Tom Janiczek. The annual award recipient is selected by engineers and presented to engineers for innovative engineering excellence in the field of race car design. Penske Racing, Inc. has successfully developed a method to quickly adjust the rear wing angle on the race car during a pit stop. A mechanism to permit movement of the wing was designed, as well as a novel battery operated power tool that allows a tire changer to make the adjustment within a two second window of opportunity. The rear wing adjustor tool functions much like a cordless nut driver. The device is a straight power tool, about 400mm long, and includes commercially available components housed in a billet aluminum body with a carbon fiber battery case. The device is self contained, and the prescribed rotation is activated upon engagement with the wing adjustor screw. The motor and clutch are sized to deliver sufficient torque to move the wing in actual race conditions. This prestigious award is sponsored by BorgWarner and presented by the Indiana Section of SAE International in honor of early racing pioneer and past Indiana Section Chairman Louis Schwitzer. This year BorgWarner has doubled the winner's cash prize to $10,000. SAE International has added a $1,000 scholarship to the engineering school of the winners' choice, with a promise to double the scholarship for any winners who were past Formula SAE participants. Auburn Hills, Michigan-based BorgWarner Inc. (NYSE:BWA) is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The FORTUNE 500 company operates manufacturing and technical facilities in 62 locations in 17 countries. Customers include Ford, VW/Audi, DaimlerChrysler, General Motors, Toyota, Renault/Nissan, Hyundai/Kia, Honda, BMW, Caterpillar, Navistar International, and Peugeot. The Internet address for BorgWarner is: http://www.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 expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," 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 the control of the Company, 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 automotive production, the continued use of outside suppliers by original equipment manufacturers, fluctuations in demand for vehicles containing the Company's products, general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission, including the Risk Factors identified in the Form 10-K for the fiscal year ended December 31, 2005. The Company does not undertake any obligation to update any forward-looking statement. DATASOURCE: BorgWarner Inc. CONTACT: Martha Avery of BorgWarner Inc., +1-317-275-2782 Web site: http://www.bwauto.com/ http://www.borgwarner.com/

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