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February 18, 2011

US: BorgWarner announces record Q4 2010 earnings

BorgWarner has reported fourth quarter 2010 profit of US$0.89 per share, a new record and up 98% compared with Q4 2009. Sales were up 28% year on year, sharply higher than global vehicle production growth of approximately 4%.

BorgWarner has reported fourth quarter 2010 profit of US$0.89 per share, a new record and up 98% compared with Q4 2009. Sales were up 28% year on year, sharply higher than global vehicle production growth of approximately 4%.

Operating income was $157.4m or 10.3% of sales.

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