(The following statement was released by the rating agency) April 29 - Standard & Poor's Ratings Services said today that its ratings and outlook on auto supplier BorgWarner Inc. (BBB/Stable/--) are not affected by the company's strong first-quarter results and increased earnings guidance for 2010. BorgWarner reported a 57% increase in sales since the first quarter a year ago, when production was very weak amid the worst of the automotive downturn in the U.S. and Europe. Unadjusted ...
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