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Stock Symbol: BWA
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BorgWarner Inc. is a supplier of highly engineered systems and components, primarily for powertrain applications. Its products help improve vehicle performance, fuel efficiency, air quality and vehicle stability. The Company's products fall into two operating segments: Drivetrain and Engine. The Drivetrain Group leverages BorgWarner's legacy and understanding of powertrain torque management to develop interactive control systems and strategies for traditional mechanical products. The Drivetrain Group's products are primarily transmission components or torque management applications and systems. The Engine Group develops strategies and products to manage engines for fuel efficiency, reduced emissions and enhanced performance. Its products fall into three major categories: chains, turbochargers, and emissions and thermal systems. BorgWarner's products are sold to original equipment manufacturers of passenger cars, sport-utility vehicles, trucks and commercial transportation products.
For the nine months ended 9/30/04, revenues increased 16% to $2.64 billion. Net income increased 21% to $150.6 million. Revenues reflect stronger currencies, primarily in Europe. Net income reflects a decrease in interest expense.