BorgWarner settles patent dispute with Honeywell

Newswire

CHICAGO, June 23 (Reuters) - Auto parts maker BorgWarner Inc. on Monday said it settled a patent dispute with Honeywell International Inc. for $29.1 million and confirmed its 2003 earnings forecast. BorgWarner said the two sides settled the dispute over turbochargers by extending a licensing arrangement through 2006. Payments will be made in 2003 through 2005, BorgWarner said in a statement. BorgWarner also confirmed its 2003 earnings per share forecast in the range of $6.20 to $6.35.

Premium Content (PAID Subscription Required)

"BorgWarner settles patent dispute with Honeywell" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×