BlackRock Portfolio Management LLC's 13G Filing for BorgWarner Inc.

BlackRock Portfolio Management LLC has filed a Schedule 13G with the SEC, disclosing its ownership of 11,417,473 shares of BorgWarner Inc.'s common stock, representing 5.3% of the total outstanding shares. The filing indicates that BlackRock has sole voting power over 8,498,603 shares and sole dispositive power over all 11,417,473 shares. The filing also notes that various persons have the right to receive dividends or proceeds from the sale of the shares, but no single person's interest exceeds 5% of the total outstanding shares. The filing is made under Rule 13d-1(b) and includes certifications that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control of the issuer.