borgwarner.com
[BorgWarner introduces Dual Clutch Modules to the Aftermarket at Automechanika.]
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Forward-Looking Statements: This press release may contain forward-looking statements as contemplated by the
1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates
and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,”
“evaluates,” “expects,” “forecasts,” “goal,” “guidance,” “initiative,” “intends,” “may,” “outlook,” “plans,” “potential,”
“predicts,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” and variations of such words and similar
expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of
historical fact contained or incorporated by reference in this press release that we expect or anticipate will or may occur
in the future regarding our financial position, business strategy and measures to implement that strategy, including
changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans,
references to future success and other such matters, are forward-looking statements. All forward-looking statements
are based on assumptions and analyses made by us in light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as other factors we believe are appropriate under the
circumstances. Forward-looking statements are not guarantees of performance, and the Company’s actual results may
differ materially from those expressed, projected or implied in or by the forward-looking statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press
release. 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. These risks and uncertainties, among others, include: supply
disruptions impacting us or our customers, such as the current shortage of semiconductor chips that has impacted
original equipment manufacturer (“OEM”) customers and their suppliers, including us; commodities availability and
pricing; competitive challenges from existing and new competitors including OEM customers; the challenges
associated with rapidly-changing technologies, particularly as relates to electric vehicles, and our ability to innovate in
response; uncertainties regarding the extent and duration of impacts of matters associated with the COVID-19
pandemic, including additional production disruptions; the difficulty in forecasting demand for electric vehicles and our
electric vehicles revenue growth; potential disruptions in the global economy caused by Russia’s invasion of Ukraine;
the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits
of acquisitions on a timely basis; the ability to identify appropriate combustion portfolio businesses for disposition and
consummate planned dispositions on acceptable terms; the failure to promptly and effectively integrate acquired
businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on
automotive and truck production, both of which are highly cyclical and subject to disruptions; our reliance on major
OEM customers; fluctuations in interest rates and foreign currency exchange rates; our dependence on information
systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings,
including litigation with respect to various claims; future changes in laws and regulations, including, by way of example,
taxes and tariffs, in the countries in which we operate; impacts from any potential future acquisition or disposition
transactions; and the other risks noted in reports that we file with the Securities and Exchange Commission, including