Phinia Completes Separation from BorgWarner, Announces CEO - aftermarketNews

Phinia Completes Separation from BorgWarner, Announces CEO

The spinoff created a fuel systems and aftermarket business with brands including Delphi, Delco Remy and Hartridge.

Phinia Inc. started trading as an independent company on the New York Stock Exchange under the ticker symbol “PHIN,” following the completion of its spin-off from BorgWarner on July 3. The spinoff created a fuel systems and aftermarket business with brands including Delphi, Delco Remy and Hartridge. Phinia said its mission is to deliver high quality, innovative systems and components for OE and aftermarket customers across commercial and light vehicles and industrial applications, while leveraging fuel technology as a pathway to carbon neutrality.

“Today is a very exciting day as we begin this new chapter as an independent business,” said Brady Ericson, president and CEO of Phinia. “With our focused strategy, scale, talented workforce and strong financial resources, this move gives us the freedom to grow our business and create value for our customers, employees, and shareholders. Our customers are looking for quality, efficiency, performance, and reliability, and Phinia is pleased to be their global partner.”

Ericson has over 30 years of industry experience and brings in-depth knowledge of the global commercial vehicle, industrial and automotive markets and an extensive engineering background. He previously led three different business units of BorgWarner and was BorgWarner’s first chief strategy officer. He is joined by Chris Gropp, vice president and CFO with more than 20 years with BorgWarner. Gropp most recently held the position of vice president of finance for fuel systems and aftermarket.

Phinia’s primary focus will be on applications and markets that will benefit the most from the energy density and utility of a fuel – driving the efficiency and performance of today’s products, helping keep efficient vehicles in operation longer and supporting the transition to carbon-neutral and carbon-free fuels of tomorrow, the company said.

You May Also Like

Dana Expands Line of Spicer ReadyPack Kits

Dana added new part numbers to its line of Spicer ReadyPack preassembled kits for commercial-vehicle driveshafts, coupling shafts and interaxle shafts.

Dana Expands Line of Spicer ReadyPack Kits

Dana Incorporated has added new part numbers to its line of Spicer ReadyPack preassembled kits for commercial-vehicle driveshafts, coupling shafts, and interaxle shafts. The new SKUs, combined with the original 13 SKUs, now provide driveshaft builders a kit solution for all commercial-vehicle drivelines, the company said.

“Spicer ReadyPack kits were very well received by Dana customers when first introduced, so we are pleased to announce that we have tripled our offerings, now providing full kit coverage for Dana drivelines,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “The Spicer ReadyPack line now includes service-free, SPL Lite coupling shaft, and new Spicer and SPL series options.  These time-saving kits offer convenience and streamlined ordering, as well as savings on inventory and labor costs.”

Bendix Marks One Year of Accident-Free Operations

Five hundred people work at the company’s Huntington, Indiana, campus, where 365 days have gone by without a recordable injury, according to Bendix.

Bendix Marks One Year of Accident-Free Operations
Bosch Releases 87 New Part Numbers in June

Bosch’s new part numbers cover 318 million vehicles in operation across North America.

Schaeffler Showcases Hydrogen Electrolyzers and Fuel Cells

Schaeffler also is demonstrating its progress toward the commercialization of green hydrogen, at the Hydrogen Americas 2024 Summit and Exhibition in Washington, D.C. 

Schaeffler Showcases Hydrogen Electrolyzers and Fuel Cells
Transtar Holding Company Acquires PPi Automotive

PPi Automotive is a family-owned and operated automotive parts wholesale distributor based in Pittsburgh.

Transtar acquires PPi Automotive

Other Posts

PHINIA Adapting Education Program for North America

Neil Fryer, VP and GM of Global Aftermarket for PHINIA, discusses the company’s “Masters of Motion” program.

Neil Fryer Phinia
Akebono Releases ProACT and Severe Duty Kits

Nine new part numbers provide more than 4M VIO, adding late-model coverage for Chevrolet, Dodge, Ford, GMC, Lincoln and Ram, Akebono said.

Akebono-Releases-ProACT-and-Severe-Duty-Kits
Schaeffler Releases TorCon 6L80 Torque Converter

The LuK TorCon 6L80 is “the only all-new, never remanufactured torque converter available in the independent aftermarket,” Schaeffler said.

Schaeffler Announces Release of TorCon 6L80
Bendix Marks Opening of Manufacturing Facility in Mexico

The 185,000-square-foot plant will use highly automated manufacturing processes to produce two technologies: Global Scalable Brake Control and Global Scalable Air Treatment.

Bendix Marks Opening of Advanced Manufacturing Facility in Mexico