8k/earnpr
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 (Date of earliest event reported): February 8, 2007
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
2.02. Results
of Operations and Financial Condition
On
February 8, 2007, BorgWarner inc. released its financial results for the quarter
and year ended December 31, 2006. A copy of BorgWarner Inc.’s press release is
attached hereto as Exhibit 99.1 and is hereby incorporated by reference (the
“Press Release”).
The
information provided in the response to this Item 2.02 and the accompanying
Exhibit 99.1 are being furnished under Item 2.02 of Form 8-K and shall not
be
deemed to be “filed” for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liability of such Section,
nor shall such information be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, regardless
of
any general incorporation by reference language in any such filing, except
as
shall be expressly set forth by specific reference in such filing.
Item
2.05 Costs
Associated with Exit or Disposal Activities
On
February
8, 2007, BorgWarner Inc. announced that during the fourth quarter, it
evaluated the competitiveness of its North American facilities, as well as
its
long-term capacity needs. As a result, it will be closing its
Drivetrain plant in Muncie, Indiana and has adjusted the carrying values of
other assets primarily related to its four-wheel drive transfer case product
line. Production activity at the facility is expected to wind down and
cease as early as is practical, currently no later than the expiration
of the current labor agreement in April 2009. Existing and future
programs currently assigned to that facility will be relocated to other
facilities. As a result of the fourth quarter restructuring, BorgWarner
recorded expense of $73.2 million.
Item
9.01. Financial
Statements and Exhibits
(d) Exhibits.
The following exhibits are being furnished as part of this Report.
|
Exhibit
Number
|
Description
|
| |
|
|
99.1
|
Press
Release issued by BorgWarner Inc. dated February 8,
2007
|
| |
|
| |
|
| |
|
| |
|
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.
/s/
John J.
Gasparovic
Date: February
8, 2007 By:_________________________________________
Name: John J.
Gasparovic
Its: Secretary
EXHIBIT
INDEX
|
Exhibit
Number
|
Description
|
| |
|
|
99.1
|
Press
Release issued by BorgWarner Inc. dated February 8,
2007
|
| |
|
| |
|
| |
|
| |
|