BorgWarnerBorgWarner to expand UK production to supply Jaguar Land RoverMay 16, 2013 06:01 CET  U.S. supplier BorgWarner Inc. said it would build a new production line and engineering center in the United Kingdom to supply turbocharging systems to customer Jaguar Land Rover. The turbochargers would be used in JLR's family of four-cylinder gasoline and diesel engines, due to launch in 2015.... Read More »
U.S. suppliers take Q1 hit from European downturnApril 25, 2013 18:21 CET Economic troubles in Europe cut into the first-quarter earnings of U.S. suppliers Lear, BorgWarner and Dana.... Read More »
U.S. suppliers take Q1 hit from European downturn 12:21 pm U.S. ET | April 25, 2013 Economic troubles in Europe cut into the first-quarter earnings of three major suppliers based in the United States that reported their financials today -- Lear, BorgWarner and Dana.... Read More »
BorgWarner's turbocharged growth leads supplier surgeApril 12, 2013 15:15 CET  With auto sales in the United States percolating at the best pace since 2007, parts suppliers are riding high, too -- and none more so than turbocharger producer BorgWarner.... Read More »
BorgWarner's turbocharged growth leads supplier surge 9:15 am U.S. ET | April 12, 2013  With auto sales in the United States percolating at the best pace since 2007, parts suppliers are riding high, too -- and none more so than turbocharger producer BorgWarner.... Read More »
BorgWarner may delay projects as growth slows; defends turbochargers 2:09 pm U.S. ET | Feb. 14, 2013  BorgWarner may put off some investment projects as part of a push to offset an expected slowdown in sales growth. The company, which reported better-than-expected fourth-quarter earnings, also said it may use cash to buy back shares this year, particularly as it gets tougher to buy and sell assets that could boost the company's market value.... Read More »
BorgWarner: M&A 'extremely active,' but closing deals tough 11:01 am U.S. ET | Feb. 14, 2013 Merger and acquisitions activity remains high in the auto industry, but it has become more difficult to finalize deals in the tougher economic environment, the chief financial officer of auto parts supplier BorgWarner said on Thursday.... Read More »
BorgWarner, Manganello donate $2 million to UM for endowed chair in mechanical engineering 4:07 pm U.S. ET | Jan. 31, 2013  BorgWarner Chairman Tim Manganello and the company's charitable foundation are donating $2 million to the University of Michigan College of Engineering for an endowment to fund research and teaching.... Read More »
Automakers strain suppliers with surge in U.S. models 12:01 am U.S. ET | Jan. 19, 2013  Automakers plan to introduce 61 new or redesigned models in the United States this year, 50 percent more than any year since 2006. While the resurgence gives consumers more choices, suppliers could be hard-pressed to keep up. Auto parts suppliers cut thousands of workers and closed factories during the industry's collapse, and the survivors are stretched after three years of at least 10 percent U.S. vehicle-sales increases.... Read More »
BorgWarner picks Verrier to succeed Manganello as CEONov. 15, 2012 15:13 CET  BorgWarner named James Verrier as CEO, succeeding Tim Manganello after 10 years at the helm of the powertrain technology supplier. The move is effective Jan. 1. BorgWarner signaled its succession plan in March when it named Verrier, 49, to the newly created position of president and COO.... Read More »
BorgWarner picks Verrier to succeed Manganello as CEO 9:13 am U.S. ET | Nov. 15, 2012  BorgWarner named James Verrier as CEO, succeeding Tim Manganello after 10 years at the helm of the powertrain technology supplier. The move is effective Jan. 1. BorgWarner signaled its succession plan in March when it named Verrier, 49, to the newly created position of president and COO.... Read More »
BorgWarner cuts outlook as Europe worsens 11:19 am U.S. ET | Oct. 31, 2012  BorgWarner, which makes automotive turbochargers and emissions systems, today cut its 2012 revenue and profit outlook due to the economic downturn in Europe, where the company drew more than half its annual revenue last year.... Read More »
Ford closures could affect U.S. suppliers 12:01 am U.S. ET | Oct. 29, 2012 Ford Motor Co.'s plan to close plants in Europe begins a long, painful road for U.S.-based suppliers if they don't react quickly to the European economic crisis, industry analysts say.... Read More »
Ford's Belgium plant closing could impact U.S. suppliers 4:28 pm U.S. ET | Oct. 24, 2012  The announcement that Ford will close its Genk, Belgium, plant begins what will be a long, painful road for North American suppliers if they don't react quickly as the European economic crisis deepens, experts say.... Read More »
PRODUCTION LINE Honeywell: U.S. turbo sales to triple by '17 12:01 am U.S. ET | Oct. 15, 2012  U.S. sales of turbocharged light vehicles are expected to triple by 2017 as automakers downsize their powertrains to meet federal corporate average fuel economy targets, Honeywell Transportation Systems predicts.... Read More »
BorgWarner CEO sees 'difficult' fourth quarter on Europe slowdownOct. 10, 2012 06:01 CET  Supplier BorgWarner, which makes turbochargers, is concerned the fourth quarter may be “more difficult” for companies as a slowdown in Europe widens, CEO Tim Manganello said in an interview.... Read More »
BorgWarner CEO says Q4 may be 'difficult' 1:26 pm U.S. ET | Oct. 9, 2012  Supplier BorgWarner, which makes turbochargers, is concerned the fourth quarter may be “more difficult” for companies as a slowdown in Europe widens, CEO Tim Manganello said in an interview.... Read More »
Getting in gear gets interesting 12:01 am U.S. ET | Sept. 10, 2012  Real estate is all about location, location, location, and now the same holds true for the automatic transmission shifter. Automotive interior designers are choosing new locations and styles for the shifter, which for decades has been mainly in the center console.... Read More »
BorgWarner to expand Mississippi plant 12:01 am U.S. ET | Aug. 14, 2012 BorgWarner Inc. plans to expand its factory in Water Valley, Miss., to produce stop-start components for automatic transmissions.... Read More »
BorgWarner, Dana reduce forecasts on declining demand in EuropeJuly 27, 2012 06:01 CET BorgWarner and Dana lowered their forecasts for annual sales and profit because of the economic slowdown in Europe and other markets. The revised forecasts reflect the financial difficulties their customers are having in Europe, which is headed for its fifth-straight year of declining sales.... Read More »
Federal-Mogul says one-time charge causes Q2 loss 11:05 am U.S. ET | July 26, 2012 Auto parts supplier Federal-Mogul posted a quarterly loss on charges relating to the restructuring of its brake friction business. The company, which said in June that it was going to restructure several facilities to reduce capacity, took an impairment charge of $119 million in the second quarter.... Read More »
BorgWarner, Dana cut forecasts on falling European demand 10:42 am U.S. ET | July 26, 2012 BorgWarner, which makes turbochargers, and Dana, a maker of axles for cars, trucks and construction equipment, lowered their forecasts for annual sales and profit because of the economic slowdown in Europe and other markets.... Read More »
BorgWarner to sell spark plug business to Champion parent 12:59 pm U.S. ET | July 2, 2012  Powertrain supplier Federal-Mogul, the owner of the Champion spark plug brand, said today it has agreed to buy BorgWarner’s Beru spark plug division for an undisclosed price.... Read More »
2012 AUTOMOTIVE NEWS EUROPE CONGRESS Europe wins big at the 2012 PACE AwardsJune 19, 2012 15:01 CET  European suppliers Valeo and Schaeffler as well as the European arms of U.S.-based partsmakers Delphi and Federal-Mogul were big winners at the 2012 Automotive News PACE Awards. The four companies, as well as other 2012 PACE Award-winning suppliers, will be recognized during the Automotive News Europe Congress on Thursday.... Read More »
Despite slowdown, suppliers bet on China 12:01 am U.S. ET | June 11, 2012 Global suppliers, attracted by stunning growth prospects, are shrugging off this year's slowdown in auto sales in China and investing heavily in the world's largest auto market. In a global industry still recovering from the Great Recession, China offers near-certain prospects for robust growth.... Read More »
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