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.
Plant Expansion Strengthens BorgWarner’s Presence In India And Southeast Asia
New VCT production line provides localized manufacturing in Kakkalur, India, and meets the increasing demand for engine timing systems in the Southeast Asian market.
BorgWarner Presents BorgWarner Championship Trophies To 2018 Indianapolis 500 Winners Will Power And Roger Penske
Power’s 2018 win marks the 17th BorgWarner Championship Team Owner’s Trophy for Team Penske owner Roger Penske, furthering his record-setting Indianapolis 500 win total. Power also is the first Australian driver to receive a Baby Borg.
BorgWarner Selling Thermostat Business To Arlington Industries Group
BorgWarner says the divestiture is consistent with its focus on propulsion technologies.
BorgWarner ‘Spools Up’ For PRI
New to PRI this year, BorgWarner will display its new EFR super-cores, the EFR 8474, EFR 9274 and EFR 9280, which maximize air flow in the turbocharger via larger compressor inducer wheel diameters, among other design changes to the compressor stage.
BorgWarner Introduces 31MT Commercial Vehicle Starter For Its Line Of Delco Remy Genuine Products
Through key design improvements, BorgWarner’s says its new 31MT starter provides increased reliability, durability and up to 10 percent more peak power than comparable products.
BorgWarner Reports Third Quarter 2018 Earnings
Net sales were $2,479 million in third quarter 2018, up 2.6 percent from $2,416 million in third quarter 2017. Excluding the impact of foreign currencies and the acquisition of Sevcon, net sales were up 3.6 percent compared with third quarter 2017.
BorgWarner CFO Ronald Hundzinski To Retire
BorgWarner appoints Thomas McGill as interim chief financial officer, effective Jan. 1, 2019.
BorgWarner Opens New Plant In Wuhan, Significantly Expanding Propulsion System Capability And Capacity For Hybrids And EVs
More than 300 employees currently work in the plant, and the company expects the workforce to double in five years.
BorgWarner Provides 2023 Revenue Outlook Of $14 Billion
The company says it expects 2023 free cash flow of approximately $1 billion.