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Fri, July 20, 2012

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SP Express Expands Into Dallas Market

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American Apparel Launches Online Store in Singapore

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SORL Launches New Electric Air Compressors for Electric Buses

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Ball Aerospace Announces Five Payloads for STPSat-3 Satellite

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Sensata Technologies Holding N.V. to Announce Second Quarter 2012 Results on July 25, 2012

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Tommy Bahama Champions the Right To Relax!

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Cobra Introduces the New 8000 Pro HD GPS Navigation System for Professional Drivers

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Ever-Glory Provides Update on 2012 Second Quarter Results

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Emerson Radio Corp. Reports Full Year Fiscal 2012 and Fourth Quarter Fiscal 2012 Results

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American Girl Fans Can See the New McKenna Movie, Stay the Night at Tysons Corner Marriott

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RYU Men's &;; Women's Fall Lines Featured With Good Morning America "Beat the Heat"

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Under Armour Unveils 2012/2013 Tottenham Hotspur Home and Away Kits

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2012 General Annual Meeting of Shareholders and Fiscal 2012 First Quarter Results

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The National Athletic Trainers' Association And G .. y quot;;National Recovery Dayquot;;

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China Xiniya Fashion Limited Announces the Licens .. ng of Xiniya Brand to Guangzhou Shuochen Clothing

Tue, July 10, 2012

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EnerCare Inc. and EnerCare Solutions Inc. Announce Receipt of a Notice of Action

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Master Lock Locks Up Safety for Students Heading Back to Campus

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Rocky Mountain Chocolate Factory, Inc. Reports 15.5 Percent Increase in First Quarter Earnings

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RenuEn Corporation Announces Launch of Corporate Website

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Meritor Hosts Conference Call and Webcast to Pres .. nt Fiscal Year 2012 Third-Quarter Earnings Report

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RYU Signs Lease for First Flagship Retail Store at The Shoppes at the Palazzo in Las Vegas

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American Power Group Inc. Announces Collaboration .. de North America on the Completion of the First D

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SodaStream Schedules the Release of its Second Qu .. 2 Financial Results for Wednesday, August 8, 2012

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Domtar Corporation second quarter 2012 financial results

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Faruqi amp;; Faruqi, LLP Encourages Invest .. cess of $100,000 Investing in Tempur-Pedic Intern

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Domtar Corporation second quarter 2012 financial results

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Dana Holding Corporation to Announce Second-Quart .. ults, Host Conference Call and Webcast on July 26

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TRW's Active Seat Belt Presenter Aids Driver Comfort

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Gleison Tibau &;; Rafaello Oliveira to Represent RYU at UFC 148

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Equity Research on Unilever PLC and HJ Heinz Co. .. Major Diversified Industry Solid Through Turmoil

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Agria Corporation Announces Departure of Director

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Ford C-MAX Hybrid Aims for 47 MPG to Beat Prius v .. ent, Affordable Hybrid Utility Vehicle in America

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Visteon Announces Tender Offer to Acquire Remaini .. s of Korean Affiliate Halla Climate Control Corp.

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Form 8.3 - KEWILL Plc

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ZPP Amends and Restates the Motorcycle Business Promissory Note

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Dude Perfect Changes Its Game from Trick Shots to Trick Squirts

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Ralcorp Corporate Vice-President and President of .. Ralcorp Cereal Products Announces Plans to Retire

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Carol Bramson Joins Summer Infant Board of Directors

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Oskar Blues Launches B.Stiff amp;; Sons Root Beer in Alumi-Tek Pint Bottles by Ball

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Equity Research on Mattel Inc. and Hasbro Inc. - Toys and Games Facing Challenges of the Times

[ Tue, Jul 03rd 2012 ]: Market Wire

Under Armour, Inc. To Report Second Quarter 2012 Earnings and Webcast Conference Call

Mon, July 2, 2012

[ Mon, Jul 02nd 2012 ]: Market Wire

International Paper Completes Mill Divestitures

[ Mon, Jul 02nd 2012 ]: Market Wire

RYU Makes Exhibitor Debut at 2012 UFC Fan Expo(R)

[ Mon, Jul 02nd 2012 ]: Market Wire

BorgWarner Agrees To Sell Spark Plug Business To Federal-Mogul

[ Mon, Jul 02nd 2012 ]: Market Wire

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SORL Qualifies as Supplier to Beijing Foton Daimler Automotive Co., Ltd.

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Allison Transmission Purchases Equity Stake in Odyne Systems

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Evader, Inc. (EVDR) Introduces Dr. Vibot Smart Search

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Dana Commemorates 20 Years of Service to Automotive Industry in Thailand

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BorgWarner Agrees To Sell Spark Plug Business To Federal-Mogul

//house-home.news-articles.net/content/2012/07/0 .. o-sell-spark-plug-business-to-federal-mogul.html

Published in House and Home on Monday, July 2nd 2012 at 5:44 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

BorgWarner Agrees To Sell Spark Plug Business To Federal-Mogul -- AUBURN HILLS, Mich., July 2, 2012 /PRNewswire/ --

BorgWarner Agrees To Sell Spark Plug Business To Federal-Mogul

[ ]

AUBURN HILLS, Mich., July 2, 2012 /PRNewswire/ -- BorgWarner announces the sale of its spark plug business to Federal-Mogul Corporation. The sale includes manufacturing facilities in Chazelles, France and Neuhaus, Germany. Completion of the transaction is subject to regulatory approvals.

The spark plug business was a small segment of the BERU operations acquired by BorgWarner in 2005. Sales were approximately $80 million in 2011. BorgWarner will continue its focus on expanding the core BERU Systems products of glow plugs, diesel cold start systems and other gasoline ignition technologies.

As a result of the transaction and related restructuring activities, including the write-off of excess purchase price allocation related to the 2005 BERU acquisition, BorgWarner will incur a pre-tax loss of $50-$60 million subject to final closing adjustments.

About BorgWarner

Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: [ BWA ]) is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 59 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit [ borgwarner.com ] .

SOURCE BorgWarner Inc.

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