BorgWarner Opens New Worldwide Headquarters in Auburn Hills

AUBURN HILLS, Mich., March 3 -- Leading global powertrain supplier BorgWarner Inc. , has opened a new Worldwide Headquarters in Auburn Hills, Michigan.

"As a top-25, $4 billion automotive supplier focused exclusively on the automotive business, BorgWarner is a natural fit for metro Detroit -- a key location in the worldwide automotive industry, home to several of our global customer organizations, and the headquarters of three of our global business units," said Tim Manganello, BorgWarner Chairman and Chief Executive Officer. "Moving our headquarters to metro Detroit has already resulted in significant benefits including closer connections with our global customers and suppliers, opportunities for increased collaboration with the 475 employees at the BorgWarner Powertrain Technical Center in Auburn Hills, and enhanced industry visibility." The new, 60,000-square-foot building is located at 3850 Hamlin Road, at the southwest corner of Hamlin and Adams Roads.

"BorgWarner's record performance in 2004 affirms my view that no other automotive supplier is better positioned for global growth," Manganello said. "The establishment of our World Headquarters in metro Detroit marks the beginning of a new chapter in our proud history. We are grateful to the Michigan Economic Development Corporation and the people of Auburn Hills and Oakland County for their spirit of cooperation in bringing BorgWarner to the state of Michigan."

BorgWarner announced in September 2003 that it would relocate its corporate headquarters from Chicago to Auburn Hills. The new headquarters houses 80 corporate employees including the chairman and CEO's office, finance and administration, business development, corporate communications and investor relations, human resources, information technology, and legal/patent. BorgWarner has leased 41,000 square feet of space in the 60,000-square-foot building, which was designed by Studio B Architects of Birmingham, Michigan and is owned by Etkin Equities, Southfield, Michigan.

"BorgWarner is a real success story in the automotive supplier business," said Michigan Governor Jennifer M. Granholm. "The company's technology addresses some of the most vital needs of the global auto industry -- enhanced fuel economy, reduced emissions and vehicle stability. The people of BorgWarner have been longtime partners with Michigan, but now they can call it home. I am delighted to be among the first to welcome them."

"We were pleased to learn in 2003 that BorgWarner would be coming to Oakland County to enjoy the unparalleled advantages that this region offers the global business community," said Oakland County Executive L. Brooks Patterson. "Now that the new headquarters is open, I'm proud to welcome BorgWarner's corporate employees to Auburn Hills, and add another prestigious name to the growing list of Auburn Hills-based companies."

BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 62 locations in 17 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Hyundai/Kia, Caterpillar, Navistar International, Renault/Nissan, Peugeot, VW/Audi and BMW. The Internet address for BorgWarner is: http://www.borgwarner.com/ .