AUBURN
HILLS, Mich., Aug. 21,
2024 /PRNewswire/ -- BorgWarner has been awarded on
the Forbes list of America's Best-In-State Employers 2024, marking
the third consecutive year the company has made the list. This
prestigious award is presented by Forbes and Statista Inc., the
leading statistics portal and industry ranking provider. The award
list was announced on August 20th,
2024, and can be viewed on the Forbes website.
America's Best-In-State Employers 2024 have been identified in
an independent survey from a vast sample of over 160,000 employees
working for companies employing at least 500 people within
the U.S. The ranking is open to companies from all industry
sectors. Around 4.4 million employer evaluations were considered.
The consideration of data from 3 years allowed a robust
differentiation between organizations that consistently perform
well from those that may only have had a single good year. An
employer's final score is determined on a state-by-state basis and
is built upon two types of employee evaluations:
- Personal Evaluations: Employees' willingness to recommend their
own employers to friends and family.
- Public Evaluations: Recommendations from friends and family
members of employees, or members of the public who work in the same
industry- also known as indirect evaluations.
Based on the study results, BorgWarner is honored to be
recognized on the Forbes list of America's Best-In-State Employers
2024.
"We're honored to be recognized once again as one of
Michigan's Best In-State Employers
by Forbes. This continued recognition exemplifies our constant
efforts to provide employees tools to promote well-being and create
an innovative and empowered workforce," said Tania Wingfield,
Chief Human Resources Officer, BorgWarner. "We know that in order
to charge forward and execute our strategy, we need to support our
employees and communities throughout this transition."
Statista publishes hundreds of worldwide industry rankings and
company listings with high-profile media partners. This research
and analysis service is based on the success of statista.com, the
leading data and business intelligence portal that provides
statistics, relevant business data, and various market and consumer
studies and surveys.
About BorgWarner
For more than 130 years,
BorgWarner has been a transformative global product leader bringing
successful mobility innovation to market. With a focus on
sustainability, we're helping to build a cleaner, healthier, safer
future for all.
Forward Looking Statements: This press release may
contain forward-looking statements as contemplated by the 1995
Private Securities Litigation Reform Act that are based on
management's current outlook, expectations, estimates and
projections. Words such as "anticipates," "believes," "continues,"
"could," "designed," "effect," "estimates," "evaluates," "expects,"
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statements of historical fact, contained in this press release
regarding matters that we expect or anticipate will or may occur in
the future regarding our financial position, business strategy and
measures to implement that strategy, including changes to
operations, competitive strengths, goals, expansion and growth of
our business and operations, plans, references to future success
and other such matters, are forward-looking statements. All
forward-looking statements are based on assumptions and analyses
made by us in light of our experience and our perception of
historical trends, current conditions and expected future
developments, as well as other factors we believe are appropriate
in the circumstances. Forward-looking statements are not guarantees
of performance, and the Company's actual results may differ
materially from those expressed, projected, or implied in or by the
forward-looking statements.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Forward-looking statements are subject to risks and uncertainties,
many of which are difficult to predict and generally beyond our
control, that could cause actual results to differ materially from
those expressed, projected or implied in or by the forward-looking
statements. These risks and uncertainties, among others, include
supply disruptions impacting us or our customers, commodity
availability and pricing, and an inability to achieve expected
levels of recoverability in commercial negotiations with customers
concerning these costs; competitive challenges from existing and
new competitors, including original equipment manufacturer ("OEM")
customers; the challenges associated with rapidly changing
technologies, particularly as they relate to electric vehicles, and
our ability to innovate in response; the difficulty in forecasting
demand for electric vehicles and our electric vehicles revenue
growth; potential disruptions in the global economy caused by wars
or other geopolitical conflicts; the ability to identify targets
and consummate acquisitions on acceptable terms; failure to realize
the expected benefits of acquisitions on a timely basis; the
possibility that our 2023 tax-free spin-off of our former Fuel
Systems and Aftermarket segments into a separate publicly traded
company will not achieve its intended benefits; the failure to
promptly and effectively integrate acquired businesses; the
potential for unknown or inestimable liabilities relating to the
acquired businesses; our dependence on automotive and truck
production, which is highly cyclical and subject to disruptions;
our reliance on major OEM customers; impacts of any future strikes
involving any of our OEM customers and any actions such OEM
customers take in response; fluctuations in interest rates and
foreign currency exchange rates; our dependence on information
systems; the uncertainty of the global economic environment; the
outcome of existing or any future legal proceedings, including
litigation with respect to various claims, or governmental
investigations, including related litigation; future changes in
laws and regulations, including, by way of example, taxes and
tariffs, in the countries in which we operate; impacts from any
potential future acquisition or disposition transactions; and the
other risks noted in reports that we file with the SEC, including
Item 1A, "Risk Factors," in our most recently filed Annual Report
on Form 10-K and/or Quarterly Report on Form 10-Q. We do not
undertake any obligation to update or announce publicly any updates
to or revisions to any of the forward-looking statements in this
press release to reflect any change in our expectations or any
change in events, conditions, circumstances, or assumptions
underlying the statements.
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SOURCE BorgWarner