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.
Marcus Ericsson's victory at the 106th Indianapolis 500 has earned him a permanent place on the Borg-Warner Trophy, becoming its 109th honoree. The unveiling ceremony took place in Indianapolis, marking Ericsson's first win and Chip Ganassi Racing's fifth Indy 500 triumph since 2000. He averaged 175.428 mph during the race and received $3.1 million in winnings. The trophy, a symbol of Indy 500 tradition, will also travel to Sweden to celebrate Ericsson. The detailed sculpting process for the trophy was elaborated by its creator, William Behrends.
BorgWarner has announced the supply of its integrated drive module (iDM) to a major Chinese automobile manufacturer, marking a significant partnership in the P4 hybrid architecture segment. This high-voltage iDM offers high power density and torque output, producing up to 200kW with over 4000Nm wheel torque. The inverter features patented dual-side cooled Viper power switch technology, enhancing reliability and reducing size. Mass production is anticipated in Q3 2023. This development underscores BorgWarner's commitment to innovative electric vehicle solutions.
BorgWarner's HVH250 electric motor has been selected to power e-axles for light-duty commercial trucks by a European customer. Each e-axle will feature two of these motors, which boast peak efficiencies exceeding 95%. The production is set to begin in early 2023, supporting both new electric vehicles and conversions of existing internal combustion engine fleets. BorgWarner emphasizes the reliability and robustness of its HVH technology, highlighting its ability to address challenges in urban emissions zones.
BorgWarner Inc. (NYSE: BWA) reported third quarter results with net sales of $4,060 million, a 19% increase year-over-year. The company anticipates electric vehicle revenue to reach $850 million in 2022, doubling from 2021. BorgWarner is also set to acquire Hubei Surpass Sun Electric, expanding its footprint in China. Adjusted earnings per diluted share increased to $1.24, up from $0.80 the previous year. The company updated its full-year guidance, expecting net sales between $15.4 billion and $15.7 billion.
BorgWarner (NYSE: BWA) has scheduled its 2022 Third Quarter Results Conference Call for October 27, 2022, at 9:30 AM ET. The call will be available via live webcast on their official investor relations page, and an archive will be accessible afterward. With over 130 years of innovation in mobility, BorgWarner is focusing on accelerating the transition to eMobility, aiming for a cleaner and safer future. For further details, visit borgwarner.com.
BorgWarner's Pei Wang, Vice President and General Manager for Asia, has been inducted into the 2022 Women in Manufacturing Hall of Fame.
This recognition is for her exceptional contributions in promoting and supporting women in the manufacturing industry. Wang, part of a select group of 13 women honored, has been instrumental in fostering female talent within BorgWarner and leads initiatives to enhance women’s leadership roles. The induction took place during the 12th annual SUMMIT in Atlanta on October 12, 2022.
BorgWarner appointed Sailaja Shankar to its Board of Directors on September 22, 2022. Shankar brings extensive experience in strategic change and digital security from her roles at Cisco and McAfee. As the Senior Vice President at Cisco, she oversees the global security business, emphasizing innovative strategy and architecture. Her leadership aims to align with BorgWarner's evolving product line and its vision of 'Charging Forward.' This addition to the board is expected to strengthen the company's position in eMobility while leveraging Shankar's expertise in software applications and cybersecurity.
BorgWarner (NYSE: BWA) announced on September 20, 2022, its agreement to acquire the Electric Vehicle Solution, Smart Grid, and Smart Energy businesses of Hubei Surpass Sun Electric (SSE) for an enterprise value of up to RMB 410 million. This acquisition supports BorgWarner's global expansion in the DC Fast Charging market, enhancing its operational footprint in China alongside existing capabilities in Europe and North America. The deal, expected to close in Q1 2023, could include contingent payments up to RMB 143 million.
BorgWarner Inc. (NYSE: BWA) will host a Third Quarter Results Conference Call on October 27, 2022, at 9:30 AM ET. The call will be accessible via BorgWarner's investor website. Participants unable to attend the live session can access an archive on the same website. For over 130 years, BorgWarner has been a global leader in mobility innovation, focusing on accelerating the transition to eMobility for a sustainable future.
