Borgwarner Inc - BWA STOCK NEWS

BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.17 per share on April 27, 2022. This dividend will be payable on June 15, 2022 to shareholders of record as of June 1, 2022.

The company, a leader in mobility innovation for over 130 years, is focused on accelerating the transition to eMobility to promote a cleaner and safer future.

BorgWarner Inc. (NYSE: BWA) has announced a Webcast for its 2022 First Quarter Results Conference Call scheduled for May 4, 2022, at 9:30 AM Eastern Time. Investors can access the conference live via the company’s investor relations website. For those unable to attend, an archived version will also be available on the same website. BorgWarner focuses on clean and efficient technology solutions for vehicles, employing around 49,000 people in 93 locations across 22 countries. More information can be found at borgwarner.com.

BorgWarner has secured a $4.09 million award from the U.S. Department of Energy to develop a cost-effective direct current fast charger (DCFC). The project, in collaboration with U.S.-based suppliers and research partners, aims to reduce costs by 20-30% and enhance power efficiency. The charger will support 10 charge points with a combined capacity of 350kW, allowing for simultaneous charging of multiple vehicles. This initiative reflects BorgWarner's commitment to advancing electric vehicle infrastructure and reducing emissions.

BorgWarner Inc. (NYSE: BWA) has finalized its acquisition of Santroll Automotive Components, specifically its eMotor business, enhancing its leadership in electric propulsion systems. This acquisition is expected to significantly bolster BorgWarner's vertical integration capabilities and enable a faster market response for their light vehicle e-motors. Santroll, located in Tianjin, China, specializes in advanced eMotor technologies and has established relationships with major clients in China, which will further expand BorgWarner's portfolio.

BorgWarner Inc. (NYSE: BWA) has announced a conference call to discuss its 2022 First Quarter Results, scheduled for May 4, 2022, at 9:30 AM Eastern Time. Interested parties can join the live webcast via the company's investor relations page. The call will be archived for those unable to attend live. With a strong presence in the automotive industry, BorgWarner specializes in clean and efficient technology solutions across combustion, hybrid, and electric vehicles, operating in 93 locations across 22 countries and employing around 49,000 people globally.

BorgWarner's Delphi Technologies Aftermarket has been recognized as Supplier of the Year by NEXUS Automotive at the Business Forum held in Vienna from March 8 to 10, 2022. This award acknowledges their innovative collaborations, such as investments in the Smart Mobility Venture Capital Fund Mobilion. The partnership focuses on electrification and digitalization, aiming to improve sustainability and address skill gaps within the industry. Both companies are committed to enhancing accessibility for all markets in preparation for the next generation of vehicles.

On March 3, 2022, Hélio Castroneves was honored as the 108th face on the Borg-Warner Trophy, following his historic win at the 2021 Indianapolis 500. This marks his fourth addition to the trophy, having previously won in 2001, 2002, and 2009. The unveiling ceremony took place at the Indiana Statehouse, highlighting Castroneves' dedication to racing.

In addition to the trophy, he will receive a miniature 'Baby Borg' trophy later in the year, alongside team owners Michael Shank and Jim Meyer, who will also receive replicas for their contributions.

On February 22, 2022, it was announced that Tonit Calaway will join the Board of Directors of Air Products (NYSE: APD) starting March 1, 2022. Ms. Calaway brings a wealth of experience, having served in leadership roles in HR and legal at BorgWarner and Harley-Davidson. Air Products’ Chairman, Seifi Ghasemi, praised her for her diverse background, emphasizing the company's commitment to diversity and inclusion. Air Products, a leader in industrial gases, reported $10.3 billion in sales for fiscal 2021 and has a market capitalization of approximately $60 billion.

BorgWarner has secured a significant contract with a major global OEM to provide high voltage generator inverters for an innovative electrified architecture aimed at charging main batteries. These silicon carbide (SiC) inverters are designed for high continuous current and advanced cooling to meet thermal demands. Production is set for 2024, leveraging BorgWarner's scalable power modules, which enable continuous operation at 70% of peak current, outperforming traditional inverters. This contract highlights BorgWarner's commitment to sustainable mobility solutions.