News Release

BorgWarner Awarded on the Forbes List of America’s Best-InState Employers 2024 for Third Consecutive Year
Auburn Hills, Michigan, August 21, 2024 – 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 arobust 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-statebasis and is built upon two types of employee evaluations:
1. Personal Evaluations: Employees’ willingness to recommend their own employers tofriends and family.
2. Public Evaluations: Recommendations from friends and family members ofemployees, 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

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2024 for Third Consecutive Year) – 2
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 withhigh-profile media partners. This research and analysis service is based on the success ofstatista.com, the leading data and business intelligence portal that provides statistics, relevantbusiness 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 acleaner, 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, estimatesand projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,”“evaluates,” “expects,” “forecasts,” “goal,” “guidance,” “initiative,” “intends,” “may,” “outlook,” “plans,” “potential,”“predicts,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” and variations of such words and similar
expressions are intended to identify such forward-looking statements. Further, all statements, other than statements ofhistorical fact, contained in this press release regarding matters that we expect or anticipate will or may occur in thefuture 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 tofuture success and other such matters, are forward-looking statements. All forward-looking statements are based onassumptions 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 materiallyfrom 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 andgenerally beyond our control, that could cause actual results to differ materially from those expressed, projected orimplied 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 expectedlevels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges fromexisting and new competitors, including original equipment manufacturer (“OEM”) customers; the challengesassociated 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 andconsummate 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 OEMcustomers; 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 informationsystems; 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; futurechanges 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 filewith 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

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2024 for Third Consecutive Year) – 3
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.

PR contact:
Michelle Collins
Phone: +1 248-754-0449
Email: mediacontact@borgwarner.com

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