0000908255-11-000068.txt : 20111130 0000908255-11-000068.hdr.sgml : 20111130 20111130163630 ACCESSION NUMBER: 0000908255-11-000068 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111130 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20111130 DATE AS OF CHANGE: 20111130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BORGWARNER INC CENTRAL INDEX KEY: 0000908255 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 133404508 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12162 FILM NUMBER: 111234302 BUSINESS ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 2487549200 MAIL ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER AUTOMOTIVE INC DATE OF NAME CHANGE: 19930628 8-K 1 a111201hufelectronicssale.htm FORM 8K 111201 Huf Electronics Sale


 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: November 28, 2011
BORGWARNER INC.
(Exact name of registrant as specified in its charter)
 

Delaware
(State or other jurisdiction of incorporation)
1-12162
(Commission File No.)
13-3404508
(IRS Employer Identification No.)

 
3850 Hamlin Road, Auburn Hills, Michigan 48326
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (248) 754-9200
 
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))




Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On November 30, 2011 BorgWarner issued a press release announcing its agreement to sell the Company's tire pressure monitoring business to Huf Electronics GmbH.
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
99.1 Press Release dated November 30, 2011
 
 
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
BORGWARNER INC.
 
 
November 30, 2011
By:
/s/ John J. Gasparovic
 
 
Name: John J. Gasparovic
 
 
Its: Secretary

 
EXHIBIT INDEX
 
Exhibit Document
Number
 
99.1 Press Release dated November 30, 2011
 



 EX-99.1 2 hufelectronicsgmbhpressrel.htm NOVEMBER 30, 2011 PRESS RELEASE Huf Electronics GmbH Press Release 11.30.11





Immediate Release
Contact:
Ken Lamb 248.754.0884


BORGWARNER
AGREES TO SELL TIRE PRESSURE MONITORING
BUSINESS TO HUF ELECTRONICS

Divestiture Consistent with BorgWarner's Focus on Powertrain Technologies

Auburn Hills, Michigan, November 30, 2011 - BorgWarner has agreed to sell its tire pressure monitoring business to Huf Electronics GmbH. The sale includes a manufacturing facility in Bretten, Germany, which employs approximately 230 people. Completion of the transaction is subject to regulatory approvals.
The tire pressure monitoring business was acquired in 2005 as a small piece of the BERU diesel cold start and ignition systems business. While the tire pressure monitoring product technology has been continuously developed and meets the upcoming strict European standards, it departs from BorgWarner's strong focus on powertrain technologies. This transaction is limited to the tire pressure monitoring business only and does not affect other BorgWarner products or technologies.
As a result of the original 2005 BERU acquisition purchase price allocation, the company will incur a book loss on the sale of approximately $10-15 million.
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 www.borgwarner.com.