AUBURN HILLS, MI — BorgWarner said it is expecting $1.95 billion net in new powertrain business for 2008 through 2010, a 15 percent increase over its previous three-year new business. The company said demand for its environmentally friendly technologies such as turbochargers and dual-clutch transmission technology continues to drive a growth rate for the company that exceeds that of the auto industry.
BorgWarner provides highly engineered engine and drivetrain components and systems that address critical environmental needs around the globe such as fuel economy and air quality.
According to Timothy Manganello, BorgWarner’s chairman and chief executive officer, the company’s environmentally friendly products will be the driver for BorgWarner’s global growth in the next few years.
"As concerns about global climate change and rising fuel prices continue to escalate, BorgWarner is uniquely positioned among vehicle suppliers to deliver powertrain technologies in a broad range of products that address these needs," said Manganello. "Over the next three years, we believe our fuel-efficient technology will clearly be a strong growth catalyst for new business as we continue to serve the needs of our expanding global customer base."
The majority of the company’s new business is outside of North America. About 80 percent of the programs are expected to be launched in Asia and Europe over the three-year period. Of the total new business, 78 percent is anticipated from engine-related products such as turbochargers, ignition systems, emissions products, engine timing systems, variable cam timing modules and thermal systems. The other 22 percent is expected in drivetrain-related products including the company’s fuel-efficient DualTronic transmission technology.
Manganello added that Korea and China represent the bulk of that new business. North America is approximately 20 percent of the anticipated new business over the three years.
For more information about BorgWarner, go to: http://www.borgwarner.com.