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Stocks B / Borg-Warner Automotive


Subject:  Re: Tim Manganello Date:  5/25/2006  1:25 PM
Author:  Wradical Number:  50 of 62

Rich, I continue to marvel at how well Borg Warner is doing compared to the rest of the auto supplier industry - especially contrasted with Delphi Corp., now in Chapter 11.

Of course Delphi, despite its spinoff from GM, is strapped by its GM-era "legacy costs" (i.e. inherited pension and health plan obligations to the UAW.)

So to what do you attribute Borg-Warner's continued success - the fact they're a supplier to just about all automakers, including those overseas - and not just the domestic ones?


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