BorgWarner Takes Over Supplier Beru
U.S. automotive company BorgWarner said Monday it is buying a controlling stake in German supplier Beru AG and would make an offer for the remaining shares in a nearly $800 million deal that it hopes will strengthen its position with global automakers.
BorgWarner Emissions/Thermal Systems Appoints Aftermarket Business Manager
BorgWarner Emissions/Thermal Systems has appointed Joe Meyer to the position of aftermarket business manager. In this role, Meyer will be responsible for leading the sales initiatives in North America for the independent aftermarket business. According to Mark Linton, director, North American Fleet and Aftermarket Sales for BorgWarner Emissions/Thermal Systems, Meyer’s new assignment will help the company reinforce its product leadership strategy with our independent aftermarket customers.
BorgWarner Names New Chief Information Officer
BorgWarner has appointed Jamal Farhat to the position of vice president and chief information officer. In this new role, Farhat will be responsible for overseeing all information technology activities of the company. He will report to CFO and Chief Administrative Officer Robin Adams.
BorgWarner Announces Two Executive Appointments
BorgWarner announced two new executive appointments this week. John McGill has been promoted to the newly created position of vice president, global supply chain and champion of emerging market utilization. Cynthia Niekamp will step into McGill’s previous role as president and general manager of BorgWarner TorqTransfer Systems, Drivetrain Group, and vice president of BorgWarner Inc.
BorgWarner Breaks Ground for New World Headquarters in Auburn Hills, Mich.
BorgWarner has broken ground for its new world headquarters in Auburn Hills, Mich. In September 2003, the powertrain supplier announced that it would relocate its corporate headquarters from Chicago to metro Detroit in order to maintain closer connections with the company’s global customers and suppliers, as well as maximize opportunities for collaboration with the BorgWarner Powertrain Technical Center, which is also located in Auburn Hills.
BorgWarner Louis Schwitzer Award Candidates Announced
The Indiana Section of the Society of Automotive Engineers (SAE) announced six candidates for the 38th annual Borg Warner Louis Schwitzer Award, which will be presented May 21 at the Indianapolis Motor Speedway.
BorgWarner Stockholders Approve Two-For-One Stock Split; Declares Quarterly Dividend
BorgWarner shareholders have approved an increase in the number of shares of authorized common stock to 150 million from 50 million allowing for a two-for-one stock split. The stock split will be effective May 17 to shareholders of record on May 3.
American Axle CFO Robin Adams Rejoins BorgWarner
Former American Axle and BorgWarner exec Robin Adams has rejoined the company to take on the positions of executive vice president, chief financial officer (CFO) and chief administrative officer. Adams replaces William Cline who has been serving as acting CFO for the company.Adams most recently served as executive vice president of finance and CFO for American Axle and Manufacturing. Prior to that he was with BorgWarner for 13 years, serving as vice president and treasurer from 1993 to 1999.
BorgWarner Morse TEC Opens Plant in Korea
BorgWarner Morse TEC has taken a major step forward in its strategic globalization plan with the opening of new plant in Korea. Morse TEC Korea was formed in 2002 in support of the company’s business relationship with Hyundai Motor Co. The new 34,250-square-foot plant is located in Pyongtaek, Gyeonggi Province, Korea.
BWD Automotive Offers New BorgWarner Brand Emission Control Systems Parts Catalog
BWD Automotive has announced the availability of its BorgWarner brand Emission Control Systems Parts catalog, No. EC-04. The catalog lists applications for emission control systems parts for North American and imported passenger cars and trucks in an easy-to-use format. All model years are covered, including both light duty and medium duty trucks.