Financial
BorgWarner Sees Q4 2020 Net Sales Increase
Delphi acquisition brought U.S. GAAP net sales up 53.4% compared with fourth quarter 2019.
Delphi acquisition brought U.S. GAAP net sales up 53.4% compared with fourth quarter 2019.
New products include enhanced fuel pump and power electronics components, plus increased coverage across all product lines.
Becomes primary inverter supplier to three of the top four global premium OEMs.
Revenue outperformance supported by strong year-on-year Power Electronics growth.
The new business is scheduled to launch in the 2021-2023 timeframe.
The software package can deliver fuel savings of more than 10 percent.
Award follows company’s accelerated expansion of its 2020 catalog.
The all-stock transaction will strengthen BorgWarner’s Propulsion Systems leadership.
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The Auto-ISAC was formed by automakers in August 2015 to establish a global information sharing community to promote vehicle cybersecurity.
