BORGWARNER OPENS MORSE TEC KOREA TO SUPPORT GROWING ENGINE TIMING SYSTEMS BUSINESS WITH HYUNDAI

CHICAGO, Sept. 23 /PRNewswire-FirstCall/ -- In support of its growing business relationship with Hyundai Motor Company, BorgWarner Morse TEC has established Morse TEC Korea, near Seoul. The company became a 100%-owned BorgWarner subsidiary in July and will manufacture and supply timing systems for Hyundai's upcoming high-volume gasoline engine. Frank Jang is Morse TEC Korea's General Manager and Joint Representative Director.

"We are pleased to announce the formation of this new operation, which provides Morse TEC with a strong local presence in support of one of our fastest growing customers," said BorgWarner Morse TEC President and General Manager Roger Wood. "Hyundai, and the drivers of its vehicles, will benefit from the increased durability, increased horsepower, reduced noise and vibration and improved packaging that our engine timing systems provide. In addition, by providing a total system solution, Morse TEC is providing Hyundai with performance benefits and optimized value."

BorgWarner's other Korean operations include BorgWarner Transmission Systems Korea Inc. and BorgWarner TorqTransfer Systems Korea, Inc. in Eumsung, and BorgWarner Cooling Systems Korea in Changwon, South Korea.

Morse TEC is a global leader in the design and manufacture of automotive chain systems and components for engine timing, automatic transmission and four-wheel drive applications. BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 50 locations in 14 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Caterpillar, Navistar International, PSA and VW Group. The Internet address for BorgWarner is: www.bwauto.com. For further information contact BorgWarner Corporate Communications at 312-322-8500.