Welcome to our dedicated page for Borgwarner news (Ticker: BWA), a resource for investors and traders seeking the latest updates and insights on Borgwarner stock.
BorgWarner Inc. (NYSE: BWA) - a global leader in propulsion systems and electrification solutions - maintains this dedicated news hub for investors and industry stakeholders. Access official press releases, financial disclosures, and strategic updates from the automotive technology innovator.
This resource consolidates BorgWarner's latest developments in e-mobility advancements, powertrain innovations, and sustainability initiatives. Users will find timely updates on earnings reports, product launches, manufacturing expansions, and technology partnerships that shape the future of vehicle propulsion systems.
Key content categories include quarterly financial results, breakthrough engineering developments in electric vehicle components, strategic acquisitions, and updates on emission-reduction technologies. The archive serves as an essential tool for tracking BorgWarner's progress in balancing combustion engine optimization with next-generation electrification solutions.
Bookmark this page for direct access to unfiltered corporate communications from one of the automotive industry's most influential suppliers. Check regularly for updates on how BorgWarner continues to drive innovation in hybrid and electric vehicle technologies while maintaining leadership in traditional propulsion systems.
BorgWarner Inc. (NYSE: BWA) announced a quarterly cash dividend of $0.17 per share, payable on March 15, 2023, to stockholders of record by March 1, 2023. With over 130 years in the mobility sector, BorgWarner continues to innovate, focusing on eMobility to enhance sustainable transportation solutions. This dividend reflects the company's commitment to returning value to shareholders amid its ongoing transformation towards cleaner and safer future mobility.
BorgWarner Inc. (NYSE: BWA) reported its 2022 Q4 and full-year results, highlighting a 12.4% increase in Q4 net sales to $4.1 billion and a full-year sales increase of 6.5% to $15.8 billion. The company anticipates electric vehicle sales to reach $1.5-$1.8 billion in 2023, up from $870 million in 2022. A planned tax-free spin-off of its Fuel Systems and Aftermarket segments aims to enhance focus on core opportunities. BorgWarner targets 25% reduction in absolute Scope 3 emissions by 2031, alongside significant strides in eMobility. 2023 guidance estimates net sales of $16.7-$17.5 billion.
BorgWarner has appointed Hau Thai-Tang to its Board of Directors as of February 8, 2023. Thai-Tang retired from Ford Motor Company in 2022, where he served as Chief Industrial Platform Officer. He led initiatives in research, advanced engineering, product development, and supply chain management, contributing to the launch of key models such as the Mustang Mach-E and F-150 Lightning. His extensive experience in electrification transformation is deemed valuable for BorgWarner's strategic goals. The company emphasizes its commitment to innovation and eMobility for a sustainable future.
BorgWarner presented Marcus Ericsson with his first Baby Borg trophy on February 2, 2023, at a ceremony in Palm Springs, California, following his victory at the 106th Indianapolis 500. This achievement made Ericsson the second Swedish driver to win this prestigious race, with his likeness now adorning the Borg-Warner Trophy. Additionally, Chip Ganassi received the Championship Team Owner's Trophy for the sixth time, commemorating his team's consistent success in Indy 500 history. BorgWarner continues its commitment to innovation in mobility, alongside a focus on eMobility, promoting a sustainable future.
BorgWarner Inc. (NYSE: BWA) has announced a conference call for its 2022 Fourth Quarter and Full Year results, scheduled for February 9, 2023, at 9:30 AM ET. The call will be accessible via the company’s investor webpage. This initiative reflects BorgWarner's commitment to transparency and investor relations. For over 130 years, BorgWarner has been a leader in mobility innovation, focusing on eMobility solutions to promote a cleaner and safer future. Interested participants can access the live webcast or view the archived version later on their investor site.
BorgWarner Inc. (NYSE: BWA) will host a Q4 and Full Year 2022 Results Conference Call on February 9, 2023, at 9:30 AM EST. The session will be available live over the Internet, and a recording will be archived for those unable to attend. With over 130 years in the industry, BorgWarner focuses on driving innovation in mobility and has committed to advancing eMobility solutions for a sustainable future. For more details, visit the BorgWarner Investor Relations page.
BorgWarner has announced a commitment to reduce its absolute Scope 3 emissions by at least 25% by 2031 from a 2021 baseline. This target is part of its broader effort, including a previously announced goal of 85% reduction in Scope 1 and 2 emissions by 2030. The targets have been submitted for validation to the Science Based Target initiative (SBTi) and align with the company's Charging Forward strategy to achieve net-zero carbon emissions. BorgWarner aims to transition its product portfolio toward electrification and enhance sustainability across its supply chain.
BorgWarner has acquired Drivetek AG for an enterprise value of up to CHF 35 million, enhancing its specialty power electronics capabilities. The acquisition strengthens BorgWarner's High Voltage eFan business, with CHF 25 million paid at closing and CHF 10 million contingent on future performance. Drivetek, headquartered in Switzerland, specializes in inverters and power electronics across various sectors including automotive and aviation. This strategic move aims to accelerate growth in electrification and support BorgWarner's transition to eMobility.
BorgWarner has announced a strategic investment of $500 million in Wolfspeed to secure a capacity corridor for silicon carbide (SiC) devices, supporting its inverter growth plans. This agreement allows BorgWarner to purchase up to $650 million of SiC devices annually as demand rises. The partnership aims to accelerate technology development and innovation in electric vehicle solutions. BorgWarner aims for $4.5 billion in electric vehicle revenue by 2025, significantly up from under $350 million in 2021. This investment aligns with Wolfspeed's $6.5 billion capacity expansion plan.
BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.17 per share on November 9, 2022. This dividend will be paid on December 15, 2022, to stockholders of record as of December 1, 2022. The company has been a leader in the mobility sector for over 130 years, focusing on innovative solutions for a sustainable future, particularly in eMobility.
