Recent Transactions

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Recent Transactions [Text Block]

(17) Recent Transactions

BorgWarner BERU Systems Korea Co., Ltd.

During the third quarter of 2012, the Company purchased an additional 29% of BorgWarner BERU Systems Korea Co., Ltd. for $7.4 million in cash, which has been classified as a financing activity within the Condensed Consolidated Statement of Cash Flows. In accordance with ASC Topic 810,"Consolidation," the Company reduced its noncontrolling interest balance by $4.0 million and reduced capital in excess of par value by $3.4 million. As a result of this transaction, the Company now owns 80% of BorgWarner BERU Systems Korea Co., Ltd.

Spark Plug Business

During the second quarter of 2012, the Company signed a Master Purchase Agreement to sell its spark plug business to Federal-Mogul Corporation. This sale was completed during the third quarter of 2012. Refer to the Other (Income) Expense footnote for further detail.