908255--2/11/2010--BORGWARNER

related topics

{customer, product, revenue}

{cost, operation, labor}

{cost, contract, operation}

{condition, economic, financial}

{financial, litigation, operation}

{cost, regulation, environmental}

{acquisition, growth, future}

{capital, credit, financial}

{gas, price, oil}

{operation, international, foreign}

{regulation, change, law}

{tax, income, asset}

{loss, insurance, financial}

We are under substantial pressure from original equipment manufacturers to reduce the prices of our products. We are sensitive to the effects of our major customers labor relations. Part of our labor force is unionized which could subject us to work stoppages. We are subject to extensive environmental regulations. We have contingent liabilities related to environmental, product warranties, regulatory matters, litigation and other claims. Our growth strategy may prove unsuccessful. We are subject to risks related to our international operations. We may not realize sales represented by awarded business. We are impacted by the rising cost of providing pension and other post employment benefits. Certain defined benefit pension plans we sponsor are currently underfunded. Negative or unexpected tax consequences could adversely affect our business. We rely on sales to major customers. Suppliers economic distress could result in the disruption of our operations and have a material effect on our business. We continue to face highly volatile commodity costs used in the production of our products. We could be adversely affected by supply shortages of components from our suppliers. A downgrade in the ratings of our debt could restrict our ability to access the debt capital markets. Conditions in the automotive industry may adversely affect our business. We are subject to possible insolvency of financial counterparties.

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908255--2/11/2010--BORGWARNER_INC