Automotive Industry

Allpart Supply Forms Alliance With Haweka AG

January 14, 2009 · Leave a Comment

FORT WORTH, Texas, Jan. 14 /PRNewswire/ — Today Allpart Supply, a
national supplier of automotive lift parts, announced its partnership
agreement with the German based manufacturer Haweka AG.

Haweka AG has long been recognized as the leading manufacturer of wheel
balancer tooling and repair parts throughout the world and is expanding its
distribution in the Americas. As part of the partnership agreement, Allpart
Supply acquired the assets of Haweka USA and its warehouse located in Greer,
South Carolina. Allpart Supply will continue to market lift parts under its
own name and will reserve “Haweka USA” for distribution of the branded
balancer parts.

“I think offering the combination of product lines to our nationwide
garage equipment distributorship will benefit both companies,” explains
Allpart Supply president, Bruce Hartin. “The partnership opens up new
marketing channels for each and expands the product coverage available. We are
very excited about the addition of premium balancer tooling from Haweka AG to
our existing product line as well as a new distribution center on the East
Coast.”

For more information, press only:

Steve Flood, 800.381.1330, sflood@allpartsupply.com

For more information on Allpart Supply or Haweka USA:
http://www.allpartsupply.com

Categories: Uncategorized

Briggs & Stratton Declares Dividend

January 14, 2009 · Leave a Comment

MILWAUKEE, Jan. 14 /PRNewswire-FirstCall/ — Briggs & Stratton Corporation
(NYSE: BGG):

At its regular quarterly meeting held today, the Board of Directors of
Briggs & Stratton Corporation declared a quarterly dividend of twenty-two
cents($0.22) per share on the common stock of the Corporation. The dividend
is payable April 1, 2009 to shareholders of record at the close of business
March 2, 2009.

    BRIGGS & STRATTON CORPORATION

    James E. Brenn
    Senior Vice President and
    Chief Financial Officer

Categories: Uncategorized

2009 North American Truck of the Year Ford F-150, 2010 Lincoln MKT and Ford Taurus Feature Carlite Engineered Glass and SoundScreen Noise-Reducing Windshield

January 14, 2009 · Leave a Comment

DETROIT, Jan. 14 /PRNewswire/ — The re-engineered Ford F-150 pickup,
announced January 11 as the winner of the 2009 North American Truck of the
Year award, achieves part of its cabin comfort thanks to a highly engineered
Carlite(R) windshield. The F-150 beat two other finalists, the Dodge Ram and
the Mercedes-Benz ML320 BlueTEC, to take the award.

In other NAIAS Carlite news, the upcoming 2010 Lincoln MKT and redesigned
2010 Ford Taurus will be fitted with Carlite’s noise-reducing SoundScreen(TM)
windshields. The two join a growing stable of 2010 model-year Ford Motor
Company vehicles featuring this advanced glass technology: the Ford Fusion and
Fusion Hybrid, Mercury Milan and Milan Hybrid, and Lincoln MKZ.

“Carlite is proud to be a part of the F-150’s continued success,” said
John Heller, vice president of automotive glass sales for Carlite. “Part of
what makes this vehicle so popular is its ability to keep wind and road noise
from entering the passenger cabin. Carlite’s premium SoundScreen technology
cuts exterior noise even further while offering possible weight savings. We’re
seeing more Ford products equipped with SoundScreen windshields at the
factory.”

SoundScreen glass first appeared on Ford vehicles in 2007 and is now
standard equipment on much of the company’s lineup. The noise-reducing
windshield uses a sheet of specially developed acoustic vinyl sandwiched
between two layers of glass, which reduces noise levels by as much as 6 dB at
certain frequencies and 2 to 3 dB overall. The result is a steady improvement
in customer-reported quality. In fact, wind noise complaints about Ford
products went from second-worst in the industry in 2003 to the best in 2007,
according to RDA Group of Bloomfield Hills, Mich.

Professional test drivers also credit the exceptional quietness of newer
Ford, Lincoln and Mercury products. Popular Mechanics magazine called the
cabin of the 2010 F-150 “luxury-car quiet.” The Detroit Free Press said, “The
F-150’s cab is exceptionally quiet, virtually free of rattle, wind and road
noise.”

In addition to the F-150 Platinum Edition, SoundScreen is available on the
Ford Flex, Focus and Escape, Mercury Mariner and Lincoln MKS. The first Ford
products launched with SoundScreen glass were the Ford Expedition, Lincoln
Navigator and Lincoln MKX.

The Lincoln MKT and redesigned Ford Taurus go on sale in mid 2009.

The North American Car and Truck of the Year awards are designed to
recognize the most outstanding vehicles of the year based on factors that
include innovation, design, safety, handling, driver satisfaction and value
for the dollar.

To be eligible, vehicles must be “all-new” or “substantially changed” from
the previous model. This year the jury considered more than 50 vehicles and
settled on 14 cars and 11 trucks that deserved to be on the ballot. Voters
then selected three finalists in each category, from which the winners were
chosen.

About Carlite

For more than 80 years, Carlite(R) has been recognized as the premium
brand in original equipment and replacement automotive glass. Carlite products
are factory-installed in every new Ford, Lincoln and Mercury product in North
America, and Carlite replacement glass for Ford, Lincoln and Mercury
applications is made to the same exacting specifications as the original
products.

The parent company of Carlite is Zeledyne, whose products include
automotive windshields, tempered body glass and tempered backlites, as well as
Versalux(TM) float glass, which is a premium line of tinted and reflective
coated glass for architectural construction and transportation products.
Headquartered in Allen Park, Mich., with float and fabrication facilities in
Tulsa, Okla., Nashville, Tenn. and Juarez, Mexico, Zeledyne serves automotive
and architectural glass markets worldwide.

Categories: Uncategorized

Energy Conversion Devices Names Ted Amyuni to the Position of President – Europe, Middle East and Africa

January 14, 2009 · Leave a Comment

ROCHESTER HILLS, Mich., Jan. 14 /PRNewswire-FirstCall/ — Energy
Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a global manufacturer of thin-
film flexible solar laminate products for the building integrated and
commercial rooftop markets, today named Ted Amyuni President – Europe, Middle
East and Africa (EMEA). Mr. Amyuni has over 30 years of senior executive
global leadership experience in general management, operations management and
commercial leadership roles.

Mr. Amyuni joins ECD from Carrier Corporation where he has served in a
number of key executive leadership roles in the US, Europe and the Middle East
- including serving as President of Carrier Refrigeration and President of
Carrier Transicold. In this new role Amyuni will be responsible for developing
the EMEA team and leading all commercial activities in those regions. Mr.
Amyuni will make his office in Paris, France.

“We are extremely pleased to welcome Ted to ECD,” said Mark Morelli,
president and CEO of Energy Conversion Devices. “Ted is a dedicated leader who
brings the kind of international knowledge, experience, and insight necessary
to drive ECD’s European and Middle Eastern growth.”

Mr. Amyuni holds a BSME degree from The American University of Beirut and
is a native French speaker who is fluent in English and Arabic. He has held
international management assignments in the United States, Europe and the
Middle East.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) is the leader in
building integrated and commercial rooftop photovoltaics, one of the fastest
growing segments of the solar power industry. The company manufactures and
sells thin-film solar laminates that convert sunlight to energy using
proprietary technology. ECD’s UNI-SOLAR(R) brand products are unique because
of their flexibility, light weight, ease of installation, durability, and
real-world efficiency. ECD also pioneers other alternative technologies,
including a new type of nonvolatile digital memory technology that is
significantly faster, less expensive, and ideal for use in a variety of
applications including cell phones, digital cameras and personal computers.
For more information, please visit www.ovonic.com.

This release may contain forward-looking statements within the meaning of
the Safe Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements concerning our plans,
objectives, goals, strategies, future events, future net sales or performance,
capital expenditures, financing needs, plans or intentions relating to
expansions, business trends and other information that is not historical
information. All forward-looking statements are based upon information
available to us on the date of this release and are subject to risks,
uncertainties and other factors, many of which are outside of our control,
that could cause actual results to differ materially from the results
discussed in the forward-looking statements. Risks that could cause such
results to differ include: our ability to sustain profitability; our ability
to maintain our customer relationships; our ability to expand our
manufacturing capacity in a timely and cost-effective manner; the worldwide
demand for electricity and the market for solar energy; the supply and price
of components and raw materials for our products; and our customers’ ability
to access the capital needed to finance the purchase of our products. The risk
factors identified in the ECD filings with the Securities and Exchange
Commission, including the company’s most recent Annual Report on Form 10-K and
most recent Quarterly Report on Form 10-Q, could impact any forward-looking
statements contained in this release.

Categories: Uncategorized

Ask.com Enters NASCAR With Multi-Faceted Partnerships

January 14, 2009 · Leave a Comment

Ask(TM) Is Now the Official Search Engine of NASCAR; Ask.com Proprietary Technologies Will Create Best NASCAR Search Experience on the Web

OAKLAND, Calif., Jan. 14 /PRNewswire-FirstCall/ — Ask.com, a leading search engine and an operating business of IAC (Nasdaq: IACI), today announced it has entered into partnerships with The National Association for Stock Car Auto Racing (NASCAR), NASCAR.COM, and Hall of Fame Racing. Under the terms of the partnership with NASCAR, Ask becomes the Official Search Engine of NASCAR, with category exclusivity and a broad set of promotional rights in order to reach the sport’s estimated 75 million loyal fans.

“As part of our strategy to go deeper into the highest-volume categories and provide the best answer, the first time, every time, we want to be the first place fans search online for NASCAR information,” said Ask.com Chief Executive Officer Jim Safka. “Through these partnerships, we will break new ground by applying our semantic search technology capabilities to NASCAR-related content while also tapping one of the largest marketing channels in America. Our goal is to win over the millions of loyal fans by providing them with the best NASCAR search experience on the Web, and introduce them to all of Ask’s capabilities when they come.”

Under the terms of the partnership with NASCAR.COM, Ask will further extend its reach by exclusively powering the search experience on NASCAR.COM, the official online destination of NASCAR. NASCAR.COM also will make available to its users Ask’s exclusive new NASCAR toolbar, which integrates unique content and is designed to provide fans with convenient access to Ask’s leading NASCAR search experience, and NASCAR.COM’s best-of-breed editorial content.

Using its proprietary DADS(SM), DAFS(SM), and AnswerFarm(SM) technologies, Ask.com will search NASCAR’s digital assets and structured data, making it instantly available to fans by entering natural-language queries into the Ask.com search box. For example, the query “Who was the NASCAR Sprint Cup Series rookie of the year in 1995?” will return the exact answer, front and center on the first results page – something no other search engine does. Ask.com will begin rolling out these new offerings at the start of the NASCAR season in February and will continue introducing new search product features throughout the 2009 racing season.

“NASCAR, as well as our teams, tracks, and drivers, will all benefit from the innovative search technology Ask brings to the sport. The biggest winners will be NASCAR fans, now able to get the answers they want about the sport they love at the speed of NASCAR,” said Brian France, NASCAR Chairman and CEO. “We welcome Ask.com to the NASCAR family and look forward to their technology reaching every facet of our sport.”

Ask.com’s agreement with Hall of Fame Racing will make Ask the primary sponsor of the No. 96 Ask Ford in the NASCAR Sprint Cup Series, the sport’s premier level, giving the brand a frequent presence in front of NASCAR’s massive at-track crowds and broadcast audiences. According to NASCAR, 17 of the 20 highest-attended sporting events in 2008 were NASCAR races, and NASCAR is the second highest-rated regular season sport on TV. Former NASCAR Cup Series champion Bobby Labonte will pilot the car in 2009, beginning with the DAYTONA 500(R) in February.

Ask.com is also in discussions with NASCAR-sanctioned track operators and media rights holders to identify strategic opportunities that will allow the brand to reach the sport’s 75 million fans through on- and off-line channels during the 2009 NASCAR season, including at-track displays and in-arena media.

Additional Quotes:

Tom Garfinkel, Owner, Hall of Fame Racing

“Jeff Moorad and I are excited to add Ask.com as a primary sponsor on the No. 96 car. We’ve been working closely with Ask.com for several weeks now, and their talented management team has come up with more creative ideas to serve NASCAR fans than I’ve seen in a long time. With our new Yates partnership and having a true champion and class person in Bobby Labonte behind the wheel, we’re expecting great things on the race track as well.”

Bobby Labonte, Driver of the #96 Ask.com Ford

“I’m excited to be part of what Ask.com is bringing to our sport. In a time like this, it’s great to see a sponsor come in with technology and ideas that will help all of the competitors in NASCAR and enhance the experience for all of our fans, no matter which driver or team they cheer for.”

About Ask.com

Ask.com is an operating business of IAC (Nasdaq: IACI). The Ask Network of sites is the 11th largest Internet property in the world, with more than 160 million worldwide unique monthly users, according to November 2008 comScore data. Ask.com syndicates its search technology and advertising solutions to a network of affiliate partners.

About NASCAR

The National Association for Stock Car Auto Racing, Inc. (NASCAR) is the sanctioning body for one of North America’s premier sports. NASCAR is the No. 1 spectator sport – holding 17 of the top 20 highest attended sporting events in the U.S., and is the No. 2 rated regular-season sport on television. NASCAR races are broadcast in more than 150 countries and in more than 30 languages. NASCAR fans are the most brand loyal in all of sports, and as a result more Fortune 500 companies participate in NASCAR than in any other sport.

About NASCAR.COM

Turner Sports acquired all of NASCAR’s interactive rights in October 2000 and became the exclusive producer of NASCAR.COM in January 2001. The official online destination of the NASCAR, the site consistently ranks among the top three sport league sites on the Internet. In 2008 NASCAR.COM was awarded a Global Media Award by the National Academy of Television Arts and Sciences (NATAS) for RaceBuddy as the outstanding interactive platform of the year. The site has also earned an Emmy(R) for its TrackPass with PitCommand application in 2003.

Turner Sports, Inc., a Time Warner company, presents some of the best and most popular sporting events worldwide and is a leader in televised and online sports programming. With events airing on TBS and TNT, Turner Sports’ line-up includes NASCAR and NASCAR.COM, the NBA, Major League Baseball, professional golf, PGATour.com and PGA.com. Turner Sports also manages NBA Digital, which includes NBA TV, NBA.com, WNBA.com, NBADLeague.com and NBA League Pass.

About Yates Racing

Yates Racing currently operates three motorsports teams in the NASCAR Sprint Cup Series. Formerly known as Robert Yates Racing, the team is owned by Doug Yates, who took the reins after his father, Robert Yates, retired following the 2007 season. In 2008, Doug partnered with Max Jones; a former road racer and long-time championship General Manager. During Yates Racing’s 21-year tenure in the NASCAR Sprint Cup series, the organization has earned a total of 57 wins, 49 poles, 270 top-five finishes, 433 top-ten finishes, and a NASCAR Sprint Cup Series Championship. In 2009, Hall of Fame Racing has teamed up with Yates Racing to field the No. 96 Ford Fusion in the NASCAR Sprint Cup Series. Sponsorship opportunities are available; please contact Jon Sands with Yates Racing at 704-720-4621 or visit www.yatesracing.com.

About Hall of Fame Racing

Hall of Fame Racing was formed by Roger Staubach and Troy Aikman and ran its first race with the #96 DLP HDTV Chevrolet with driver Terry Labonte in the 2006 Daytona 500, finishing 17th. Jeff Moorad and Tom Garfinkel purchased majority interest of the team in August of 2007, bringing years of successful sports management experience in and out of racing. In 2009, Hall of Fame Racing has teamed up with Yates Racing to field the No. 96 Ford Fusion in the NASCAR Sprint Cup Series. Sponsorship opportunities are available; please contact Jon Sands with Yates Racing at 704-720-4621 or visit www.yatesracing.com.

Categories: Uncategorized

Hyundai Genesis Named Car of the Year by On Wheels Media at the 13th Annual Urban Wheel Awards

January 14, 2009 · Leave a Comment

FOUNTAIN VALLEY, Calif., Jan. 14 /PRNewswire/ — On Wheels Media, Inc. – publisher of African Americans On Wheels, Asians On Wheels, and Latinos On Wheels – named the Hyundai Genesis Car of the Year at the 2009 Urban Wheel Awards. The prestigious award, presented during the North American International Auto Show held at the Detroit Opera House, recognizes Hyundai’s effort in raising the automotive bar with the introduction of the all-new 2009 Hyundai Genesis.

“Hyundai is honored to have On Wheels Media, a giant in multicultural automotive multimedia, select the 2009 Hyundai Genesis as the Urban Wheels Awards Car of the Year,” said Dave Zuchowski, vice president, national sales, Hyundai Motor America. “The United States is a diversified market. Hyundai focuses on producing vehicles that meet universal satisfaction and this award is proof-positive that the face of Hyundai has translated well throughout.”

Held in conjunction with the North American International Auto Show since 1996, the annual Urban Wheel Awards produced by On Wheels Media, Inc., is the automotive industry’s premier diversity awards ceremony. The Urban Wheel Awards honor pioneering automotive industry leaders and serve as an educational vehicle to increase awareness among minority audiences about the importance of diversity to the industry. Awards are presented in categories including: Company of the Year, Minority Executive of the Year, Diversity in Motorsports, Urban Car of the Year and Urban Truck of the Year; voted on by an independent panel of automotive journalists. Consumers also play a role in the Urban Wheel Awards, selecting their favorite diversity-oriented automotive advertisements through online voting.

The 2009 Hyundai rear-wheel drive Genesis sedan offers capabilities and features comparable to the world’s leading premium sports sedans at a more reasonable price. It is fully equipped with a powerful, world-class Tau 4.6-liter V8 engine that delivers 375 horsepower, segment-leading standard safety features such as electronic active head restraints, technology rivaling more expensive luxury sedans including XM NavTraffic, an Adaptive Front Lighting System (AFLS), and a Lexicon(R) audio system; and The Hyundai Advantage: America’s Best Warranty – Hyundai’s 10-year, 100,000-mile powertrain warranty. The National Highway Traffic Safety Administration (NHTSA) awarded the Genesis five-star crash test ratings for both frontal and side-impact crash tests, the highest government rankings under the agency’s New Car Assessment Program. Additionally, every Genesis, as well as all other Hyundai vehicles, is covered by the “Hyundai Assurance Program”, a complimentary vehicle return program for the first year on every new Hyundai that is financed or leased for owners who experience an involuntary loss of income within 12 months of the purchase date.

HYUNDAI MOTOR AMERICA

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 790 dealerships nationwide.

Journalists are invited to visit our news media web site: www.hyundainews.com

Categories: Uncategorized

@utoRevenue(R) Enhances Consumer Service Counter Experience

January 14, 2009 · Leave a Comment

LEE, Mass., Jan. 14 /PRNewswire/ — @utoRevenue(TM), an industry leader in delivering a full suite of cost-effective customer contact solutions to auto dealerships across the country, and a division of Dominion Enterprises, announces the release of @utoText(TM). @utoText(TM) enables auto dealerships to enhance their customer experience during the service appointment lifecycle through a simple hosted portal. Dealers will have easy access to build a database of opt-in text message subscribers and communicate in real-time to gain approvals for repair orders, send service status updates, notify when a vehicle is ready, and text appointment reminders to customers.

Brice Englert, general manager of @utoRevenue, commented, “Text is another effective push-medium for auto dealerships to directly communicate with their customers and nearly guarantee an impression of that message. Customer loyalty now is more important than ever and simple, efficient communications will increasingly be demanded by the ever-more-busy consumer. Launching @utoText(TM) at NADA 2009 is the perfect time for us to showcase our dedication to innovation and enable dealers to revolutionize the way they communicate with customers yet again.”

U.S. consumers have adopted mobile phones and, in turn, text messaging at a rapid pace. As of December 2007, there were 255.3 million mobile phone subscribers in the U.S. These devices have quickly extended beyond voice communications to mobile computing, thus driving a consumer’s “time on device” to record levels. This advent in technology has allowed consumers to always be online. As a result, text messaging provides a direct channel for quick, assured delivery of communications.

Consumers increasingly are embracing commercial text messaging for the convenience — fewer phone interruptions and no chasing voicemail. They can respond instantly to a RO approval request from the service department, allowing quicker turn times on service bays. With 75 percent of all mobile subscribers using text messaging, the opportunity to improve CSI and drive efficiency is available today.

About @utoRevenue

@utoRevenue(TM) (http://www.autorevenue.com), a division of Dominion Enterprises, is based in Lee, Mass. As a first-mover in permission-based email marketing solutions for retail auto dealerships, @utoRevenue has evolved to offer a complete line of marketing services including email, email collection, online appointment scheduling, direct mail, voice messaging, and e-newsletters.

About Dominion Enterprises

Dominion Enterprises is a leading marketing services company serving the automotive, enthusiast and commercial vehicle, real estate, apartment rental, and employment industries. The company’s businesses provide a comprehensive suite of technology-based marketing solutions including Internet advertising, lead generation, CRM, Web site design and hosting, and data management services. The company has more than 45 market-leading Web sites reaching more than 16.7 million unique visitors, and more than 450 magazines with a weekly circulation of 4.3 million. Headquartered in Norfolk, Va., the company has 5,400 employees in more than 200 offices nationwide. For more information, visit http://www.DominionEnterprises.com

For more information about @utoRevenue, contact Katrina Slosek at katrina@autorevenue.com or 866.628.6245.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

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WABCO’s Q4 and Full Year 2008 Earnings Conference Call Set for February 5

January 14, 2009 · Leave a Comment

BRUSSELS, Belgium, January 14 /PRNewswire-FirstCall/ — WABCO Holdings
Inc. [http://www.wabco-auto.com] (NYSE: WBC), a global technology leader and
tier-one supplier to the commercial vehicle industry, will hold its Q4 and
full year 2008 earnings conference call at 8:00 a.m. Eastern Time on
Thursday, February 5. Jacques Esculier, Chief Executive Officer, and Ulrich
Michel, Chief Financial Officer, will review the company’s financial
performance for the period.

The call will be webcast at http://www.wabco-auto.com where the press
release and financial information will be available under “WABCO Q4 and Full
Year 2008 Results.”

The call is also accessible by telephone in listen only mode. Dial-in
number is +1-719-325-2157 and U.S. toll-free dial-in number is 888-809-5987.

A replay of the call will be available from 11:00 a.m. Eastern Time on
February 5 until midnight February 11, 2009. Replay dial-in number is
+1-719-457-0820 and U.S. toll-free dial-in number is 888-203-1112. Pass code
is 7228477.

About WABCO

WABCO Vehicle Control Systems is one of the world’s leading providers of
electronic braking, stability, suspension and transmission automation systems
for heavy duty commercial vehicles. Customers include the world’s leading
commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869
as Westinghouse Air Brake Company, WABCO was acquired by American Standard in
1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs
more than 7,700 people in 31 countries worldwide. In 2007, WABCO’s total
sales were $2.4 billion. WABCO is a publicly traded company and is listed on
the New York Stock Exchange with the stock symbol WBC. Website:
http://www.wabco-auto.com

    Media, investors and financial analysts contact

    Mike Thompson
    +32-2-663-9854
    mike.thompson@wabco-auto.com

    Jason Campbell
    +1-732-369-7477
    jason.campbell@wabco-auto.com

Categories: Uncategorized

2009 North American International Auto Show Industry Preview Focuses on Green Vehicles and Technologies

January 14, 2009 · Leave a Comment

DETROIT, Jan. 14 /PRNewswire/ — Thousands of automotive industry
insiders, engineers and designers will converge on the North American
International Auto Show (NAIAS) this Wednesday and Thursday, Jan. 14-15, for a
unique networking experience and an up-close look at the exciting production
and concept vehicles on display at this year’s show.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081110/CLM078LOGO )

NAIAS Industry Preview Days, co-sponsored by Detroit Auto Dealers
Association, Michigan Economic Development Corporation and Business Week,
provides an opportunity for automotive companies to invite their key contacts,
suppliers and employees to get an up-close and personal preview of the shows
attractions including several future production and concept hybrid and full
electric vehicles.

“This year’s show comes at a pivotal point for the automotive industry,”
said Executive Director, Rod Alberts. “Nowhere is that more evident than in
the number and scope of future and near-future hybrid, pure electric vehicles
and environmentally-efficient technologies revealed by the world’s automotive
manufacturers over the past several days. This year’s Industry Preview Days is
a must-attend event for anyone in the automotive industry.”

    Featured events include:
    -- Inforum's annual auto show breakfast "Recession Defense: Making Smart
       Vehicle Choices" will be held at the Detroit Marriott Renaissance
       Center on Wednesday, Jan. 14, from 7 a.m. to 9 a.m. The event will
       focus on how consumers can balance making small, smart, safe and
       sustainable automotive choices and what this automotive transformation
       means to consumers and our region. Presenting their own views on this
       topic will be a top panel of industry leaders, including Sue Cischke,
       Senior Vice President, Sustainability, Environment & Safety
       Engineering, Ford Motor Company; Rebecca Lindland, Global Insights; and
       Beth Lowrey, Vice President, Environment & Energy, General Motors. The
       first 300 people to register will receive a complimentary ticket to the
       NAIAS public days. The event is sponsored by BASF. Register at
       inforummichigan.org or call 313.578.3230.

    -- China and the Future of Global Auto Manufacturing - will be held at
       Cobo Center, Room W2-63 on Wednesday, Jan. 14, from 8:30 a.m. to 12:30
       p.m. Presented by the China Business Update and China Automotive
       Review, attendees will learn about the latest developments of China's
       automotive market and meet top executives from Chinese OEM exhibitors
       at a unique networking event. Contact Mr. Wei Geng at 413.253.2775 or
       email conference@cbuauto.com for more information.

Industry Preview Days are from Wednesday, Jan. 14 from noon to 9 p.m. and
Thursday, Jan. 15 from 7 a.m. to 9 p.m. Tickets are $75 each and can be
purchased at naias.com or by calling 248-283-5169.

NAIAS 2009 Official Dates

The 2009 show will take place Jan. 11 – 25, 2009 at Cobo Center in
Detroit. Press Preview will be held Sunday, Jan. 11 through Tuesday, Jan. 13.
Industry Preview will be held Wednesday, Jan. 14 and Thursday, Jan. 15. The
annual black-tie Charity Preview gala will be held Friday evening, Jan. 16.
Public Days will be held Saturday, Jan. 17 through Sunday, Jan. 25.

About the North American International Auto Show

Rod Alberts – Executive Director

Entering its 21st year as an international event, the North American
International Auto Show (NAIAS) hosts more brands, manufacturers and media
than any other automotive event in the Western Hemisphere. The NAIAS is the
only auto show in the United States to earn an annual distinguished sanction
of the Organisation Internationale des Constructeurs d’Automobiles (OICA), the
Paris-based alliance of automotive trade associations and manufacturers from
around the world. The NAIAS Web site can be accessed at www.naias.com.

Categories: Uncategorized

BorgWarner Announces Joint Venture with 12 Chinese OEMs to Produce Dual Clutch Transmission Modules

January 14, 2009 · Leave a Comment

AUBURN HILLS, Mich., Jan. 14 /PRNewswire-FirstCall/ — BorgWarner
(NYSE: BWA) is pleased to announce that it has signed a contract to establish
a joint venture with China Automobile Development United Investment Co., Ltd.
(CDUI), a company owned by 12 leading Chinese automakers including FAW, SAIC,
Dongfeng, Chery, ChangAn, Brilliance, Guangzhu, Changfeng, JAC, Geely,
Polarsun and Great Wall Motor. Known as BorgWarner United Transmission Systems
Co., Ltd., the joint venture will be located in Dalian, China, and will
produce various dual clutch transmission modules beginning in 2011.
BorgWarner holds a 66% majority ownership in the joint venture.

“By leading the dual clutch transmission expansion into the Chinese
marketplace, this joint venture will establish BorgWarner’s DualTronic(R)
technology as the preferred automatic transmission solution in China,” said
Tim Manganello, BorgWarner Chairman and CEO. “BorgWarner is honored to join
CDUI and its 12 Chinese OEM partners in bringing the benefits of DualTronic(R)
technology — improved fuel economy, lower emissions and a dynamic yet
comfortable driving experience — to the growing automatic transmission market
in China.”

Since BorgWarner’s DualTronic(R) technology is based on a manual
transmission architecture, it is especially attractive in China, where OEMs
have a solid manual transmission infrastructure. The joint venture will allow
Chinese OEMs to make the technological leap to world-leading dual clutch
transmissions quickly and cost effectively. BorgWarner’s modular DualTronic(R)
technology can be tuned to meet the full range of vehicles manufactured by its
Chinese OEM partners.

A leader in the globalization of dual-clutch transmission technology for
over ten years, BorgWarner’s family of DualTronic(R) technologies combines the
efficiency of a manual gearbox with the functionality of a fully automatic
transmission, delivering seamless powerflow, improved fuel efficiency and a
fun-to-drive experience. Customers include VW, Audi, Bugatti, SAIC, Nissan and
GETRAG PowerShift(R) dual-clutch transmission programs supporting global
automakers including BMW, Ford and Mitsubishi. In addition, BorgWarner is
currently working on over 25 programs with transmission and vehicle makers
around the world and expects applications of its dual-clutch technology to
expand four-fold to 3 million dual-clutch transmissions by 2014.

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 64 locations in 17 countries. Customers include
VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler,
Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. 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 “outlook”, “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 our control, 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 vehicle production, the continued
use of outside suppliers, fluctuations in demand for vehicles containing our
products, changes in general economic conditions, and other risks detailed in
our filings with the Securities and Exchange Commission, including the Risk
Factors, identified in our most recently filed Annual Report on Form 10-K. We
do not undertake any obligation to update any forward-looking statements.

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