John Sanderson Named President of BorgWarner’s Transmission Systems Business
Sanderson brings with him more than 20 years of automotive experience.
BorgWarner Reports Fourth Quarter and Full Year 2008 Results
Record first half performance offset by industry volume cuts in second half.
BorgWarner Forms Joint Venture with 12 Chinese OEMs to Produce Dual Clutch Transmission Modules
Known as BorgWarner United Transmission Systems, the joint venture will be located in Dalian, China, and will produce various dual clutch transmission modules beginning in 2011.
BorgWarner Expands Timing System Business in India with Buy-out of Joint Venture
BorgWarner engine timing system sales in India expected to show strong growth.
BorgWarner Posts Third Quarter Results; Revises Outlook for 2008
The company said international sales offset steep declines in U.S. revenue due to declining economic conditions in the market. The company also adjusted its outlook for the remainder of the year to reflect deteriorating global economic conditions and automotive production declines in Europe.
BorgWarner Names Schmalzl Chief Technology Officer
BorgWarner has named Dr. Hans-Peter Schmalzl to the post of chief technology officer, reporting to Tim Manganello, chairman and CEO. He succeeds Mark Perlick, who retired after 10 years of service to the company. Schmalzl, 48, is responsible for driving the company’s innovation process, managing the corporate technology investment and assuring a pipeline of new engine and drivetrain product development on a global basis. In addition, he continues with responsibility for the Advanced Engineering function for BorgWarner Turbo & Emissions Systems.
BorgWarner Promotes Scott Gallett to VP Marketing, PR and Internal Communications
BorgWarner has promoted Scott Gallett to the new position of vice president, marketing, public relations and internal communications. Scott also serves as a member of the company’s strategy board and is executive champion for China, responsible for customer and government relations, as well as corporate functions and shared services departments. He will lead this group to support the growth of BorgWarner in China and will continue to build the BorgWarner image and brand in this fast-growing market.
BorgWarner Expects Earnings Growth of 20 to 25 Percent
AUBURN HILLS, MI — BorgWarner has provided 2008 earnings guidance of $2.85 to $3 per diluted share, which implies earnings growth of 20 to 25 percent compared with 2007. "In 2008, we expect another record year for sales and earnings," said Tim Manganello, BorgWarner Chairman and CEO. "Our global business will face two distinct business
BorgWarner Expects $1.95 Billion in New Business in the Next Three Years
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
BorgWarner Morse TEC Earns Quality Award From Daihatsu
BorgWarner Morse TEC Japan has received an award for outstanding quality from Daihatsu during the OEM’s annual supplier meeting. BorgWarner maintained consistently high levels of quality despite significantly increased production volumes. Of more than 200 suppliers, BorgWarner was one of nine to receive the award.