Turbochargers

BorgWarner Breaks Ground for Turbocharger Operation in Poland

AUBURN HILLS, Mich., March 25, 2008 /PRNewswire - FirstCall/ -- BorgWarner broke ground for a new production facility in Rzeszow, Poland, where it plans to produce an initial 500,000 turbochargers for European car makers beginning in 2009, with expansion in the next two years to produce up to two million units. The location in southeast Poland offers economic advantages and allows BorgWarner to serve vehicle manufacturers in both Western and Eastern Europe. The 54,000-square-foot (5,000-square-meter) operation is expected to create about 200 jobs.

· Joint venture planned to start at beginning of April 2008
· Company to be based in Stuttgart

February 01, 2008, Stuttgart – Robert Bosch GmbH and MAHLE GmbH have agreed to establish a fifty-fifty joint venture to develop, manufacture, and market exhaust gas turbochargers. It is planned to commence the joint venture in April 2008. The company, which will be called "Bosch Mahle Turbo Systems," will be headquartered in Stuttgart.

The joint venture partners plan to work together to develop and manufacture turbochargers for gasoline and diesel engines, and to market them worldwide. Series production is supposed to start in 2010. The foundation of the joint venture is still subject to approval by the antitrust authorities.