August 12, 2011

ASBESTOS UPDATE: BorgWarner Accrues $55.2MM Liability at June 30

COMPANIES: BorgWarner Inc
Subscribe

BorgWarner Inc. has estimated a liability of US$55.2 million for asbestos claims asserted, but not yet resolved and their related defense costs at June 30, 2011.

The Company also has a related asset of US$55.2 million to recognize proceeds from the…

TO CONTINUE READING,LOGIN or
TOPICS: Asbestos | Auto Parts | General News | Legal Issues, Litigation
LOCATIONS: Michigan | United States