FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: December 11, 1998
BORG-WARNER AUTOMOTIVE, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-12162 13-3404508
(State of Incorporation)(Commission File No.)(IRS Employer Identification No.)
200 South Michigan Avenue, Chicago, Illinois 60604
(address of principal executive offices)
Registrant's telephone number, including area code: 312/322-8500
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Item 5. Other Events
On December 11, 1998, Borg-Warner Automotive, Inc. issued the press release
attached as Exhibit 99.1 announcing that it has completed the purchase of the
turbocharger systems division of AG Kuhnle, Kopp & Kausch. The information
contained in the press release is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
(99.1) Borg-Warner Automotive, Inc. Press Release dated December 11,
1998.
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 under-
signed, hereunto duly authorized.
BORG-WARNER AUTOMOTIVE, INC.
By: /s/ Vincent M. Lichtenberger
----------------------------
Vincent M. Lichtenberger
Assistant Secretary
Dated: December 11, 1998
<PAGE>
EXHIBIT INDEX
(99.1) Borg-Warner Automotive, Inc. Press Release dated December 11, 1998.
Immediate Release
Contact
Mary Brevard
Phone: 312/322-8683
Fax: 312/461-0507
BWA COMPLETES PURCHASE OF TURBOCHARGER BUSINESS;
EXPECTS STRONG FOURTH QUARTER AND 1999 RESULTS
Chicago, Illinois, December 10, 1998 -- Borg-Warner Automotive, Inc. (NYSE: BWA)
today announced that it has completed the purchase of the turbocharger systems
division of AG Kuhnle, Kopp & Kausch.
"We are excited about the opportunities offered by 100% ownership of the
turbocharger business," said John F. Fiedler, chairman and chief executive
officer of Borg-Warner Automotive. "We can leverage its outstanding technology
on a global basis with the rest of our engine management business."
Fiedler added that the turbocharger business will be an important contri-
butor to expected double-digit growth in earnings for Borg-Warner Automotive in
1999. "We expect to end 1998 with fourth quarter performance at the higher end
of analysts'expectations, and believe this strength will carry into 1999. Engine
technology,like turbocharged direct injected diesel engines, is replacing four-
wheel drive as the near-term growth catalyst for our company. Our presence in
Europe is also very important, because that is where much of the technology
change is occurring." He noted that the company has no material exposure to
South America and that its business in Asia has stabilized.
Chicago-based Borg-Warner Automotive, Inc. is a product leader in highly
engineered components and systems primarily for automotive powertrain applica-
tions. The company operates manufacturing facilities in 12 countries serving the
North American, European and Asian automotive markets.
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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 "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, which could cause actual results to differ materially from those
projected or implied in the forward-looking statements. Such risks and uncer-
tainties include: fluctuations in domestic or foreign automotive production,
the continued use of outside suppliers by original equipment manufacturers,
fluctuations in demand for vehicles containing the Company's products, general
economic conditions, as well as other risks detailed in the Company's filings
with the Securities and Exchange Commission, including the Cautionary
Statements filed as Exhibit 99.1 to the Form 10-K for the fiscal year ended
December 31, 1997.
Note: Borg-Warner Automotive press releases are available on the Internet via
Company News On-Call:http://www.prnewswire.com or via fax, 800-758-5804, ext.
120941.
