Earlier this month, BorgWarner unveiled plans to spend $27 million to expand its operations in Auburn Hills.
BorgWarner Inc. reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period.
Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statementThursday.
Revenue climbed 15 percent to $2.32 billion in the second quarter as sales in BorgWarner’s drivetrain unit soared 43 percent to $895.4 million.
The company’s engine division saw revenue grow 2.2 percent to $1.44 billion in the second quarter.
Excluding the impact from currency exchange rates and the acquisition of Remy International Inc., which closed in November, revenue in the second quarter grew 3.5 percent from the year-earlier period, the supplier said.
The Auburn Hills, Mich., supplier makes turbochargers, engine valve-timing systems and ignition systems, among other parts. BorgWarner also is supplying the all-wheel-drive technology for the new Jaguar XE sport sedan and F-Pace crossover.
BorgWarner also noted that the impact of foreign currencies decreased net earnings by approximately 1 cent per diluted share in the second quarter.
Earlier this month, BorgWarner unveiled plans to spend $27 million to expand its operations in Auburn Hills, north of Detroit. The project is expected to add 76 jobs.