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 on April 26, 2023. This dividend is set to be paid on June 15, 2023, to stockholders of record by June 1, 2023. With over 130 years in the market, BorgWarner continues to lead in mobility innovation, now focusing on accelerating the transition to eMobility for a sustainable future. This dividend represents a commitment to providing returns for investors while fostering advancements in clean technology.
BorgWarner's Engineering Director, Carol Cai, received the 2023 Women MAKE Award for her significant contributions to the manufacturing industry. This award honors women in STEM careers who demonstrate outstanding leadership. Cai is the seventh consecutive awardee from BorgWarner, recognized at a gala on April 20 in Washington, D.C.. Having joined the company as a simulation supervisor, Cai now oversees over 90 engineers in China and has established a turbo R&D team. She actively mentors young female engineers, participates in talent recruitment initiatives, and contributes to programs supporting new graduates. The Manufacturing Institute awarded her among 130 women leaders, highlighting the importance of female empowerment in engineering.
BorgWarner plans to invest $42 million to expand its Seneca, South Carolina facility, which will enhance its battery module and pack production capabilities. This investment is expected to create 122 new jobs over three years, spanning various roles including production and engineering. The expansion aims to achieve an additional 3GWh of annual production capacity, contributing significantly to the company's U.S. operations. Supported by the State of South Carolina and Oconee County, the facility's expansion will commence in the second quarter of 2023 and is projected for completion in the first half of 2024.
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