BorgWarner Announces Three Year Net New Business Backlog of $2B To $2.4B

BorgWarner Announces Three Year Net New Business Backlog of $2B To $2.4B

The company expects its net new business backlog to drive organic growth over the company's estimated light vehicle market exposure of 5-6 percent for 2019 through 2021.

BorgWarner Inc., a global provider of clean and efficient technology solutions for combustion, hybrid and electric vehicles, has announced a three-year net new business backlog of $2 billion to $2.4 billion.

Three-Year Net New Business Backlog

The company expects its net new business backlog to drive organic growth over the company’s estimated light vehicle market exposure of 5-6 percent for 2019 through 2021:

  • Net new business within a range of $430 million to $580 million in 2019, $750 million to $875 million in 2020 and $800 million to $950 million in 2021.
  • Asia, the Americas and Europe are expected to account for approximately 60 percent, 25 percent and 15 percent, respectively, of the total net new business backlog over the three-year period.
  • Approximately 50 percent is expected in China.
  • The net new business backlog represents growth across all propulsion categories with combustion, hybrid and electric vehicles expected to account for approximately 20 percent, 70 percent and 10 percent, respectively, of the total net new business backlog over the three-year period.

 

 

You May Also Like

Anchor Adds More BMW, MINI Coverage

The new products cover more than 1,994,760 applications and model years 2016-2024.

Aftermarket engine and transmission mount supplier Anchor Industries announced additional BMW and MINI coverage in its latest new product release. The 8 new part numbers are in stock and available for immediate delivery.

The new products cover more than 1,994,760 applications and model years 2016-2024.

For more information, contact your sales representative, or call the Anchor customer service department at 888-444-4616.

PHINIA Reports Q1 2024 Results

U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.

Bendix Making Changes at Indiana Manufacturing Operation

Bendix said it is transforming its distribution center into a state-of-the-art facility and consolidating dampers manufacturing into a single, larger space.

Doleco Announces Facility Expansion in Charlotte

The 33,000-square-foot facility is strategically positioned near major transportation hubs, providing optimal access to raw materials and speeding shipment of finished goods to all U.S. markets.

Standard Motor Products Introduces 268 New Numbers

The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.

Other Posts

BorgWarner Announces Additional eMotor Business

The company says its HVH220 eMotor offers high power and torque density, enhanced efficiency and superior durability.

MAHLE Releases 2023 Sustainability Report

MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.

MAHLE Releases 2023 Sustainability Report
Transtar Industries Continues Rapid Product Line Expansion 

The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.

ZF Cleans Up Metro Park for Earth Day

ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.

ZF Cleans up Metro Park