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) is a motor vehicle parts manufacturer that regularly issues news on mobility technologies, electrification programs, financial performance, and corporate developments. Its press releases highlight contracts with global original equipment manufacturers, new product awards, and updates on its transition toward electrified and hybrid propulsion systems, alongside information on dividends and earnings.
Investors and industry followers can use this news feed to review announcements about BorgWarner’s battery systems for fully electric and autonomous shuttles, integrated drive modules for hybrid SUVs, dual inverters for hybrid and plug-in hybrid vehicles, electric motors for new energy vehicles, and high-voltage coolant heaters for plug-in hybrid platforms. The company also reports on all-wheel drive technologies, such as torque-on-demand transfer cases and Cross Wheel Drive systems, as well as turbocharger contracts for hybrid SUV engines and other combustion-related components.
Financial updates are another key element of BorgWarner’s news. The company publishes quarterly earnings releases, guidance ranges, and details on capital allocation, including share repurchases and quarterly cash dividends declared by its Board of Directors. Selected 8-K filings reference these releases and provide context on how the company presents adjusted operating margins, earnings per share, and non-comparable items.
In addition, BorgWarner’s news includes items related to legal settlements, spin-off-related matters, and its longstanding association with the Borg-Warner Trophy for the Indianapolis 500. Readers interested in BWA news can follow this page to review the company’s own descriptions of its contracts, technologies, financial results, and brand-related activities over time.
BorgWarner Inc. (NYSE: BWA) announced a quarterly cash dividend of $0.17 per share, effective December 15, 2021, for stockholders of record on December 1, 2021. The company, a leader in sustainable mobility solutions, operates in 96 locations across 22 countries with approximately 50,000 employees. This dividend declaration reflects the company's commitment to returning value to shareholders while reinforcing its position in the global automotive market.
BorgWarner has appointed Sara A. Greenstein to its Board of Directors, effective November 9, 2021. Greenstein brings extensive leadership experience, having previously served as President and CEO of Lydall, Inc. and as a Senior Vice President at United States Steel Corporation, managing a $4 billion business unit. Her educational background includes a Bachelor of Science in Business Administration from the University of Illinois and an MBA from the University of Michigan. This addition is expected to strengthen the board with her skills in the production and manufacturing sectors.
BorgWarner's Julie Adkins has received the 2021 Women in Manufacturing STEP Ahead Award, recognizing her leadership in the manufacturing sector. Adkins, who began her career at BorgWarner in 2011, is the fifth consecutive BorgWarner employee to earn this honor. Her contributions include developing a high-performing Program Management Team and streamlining processes within the company. The award emphasizes the role of women in manufacturing, especially post-pandemic, and was presented on November 4, 2021, at the National Building Museum in Washington, D.C.
BorgWarner has secured a significant contract with a major OEM to deliver high voltage silicon carbide (SiC) inverters for battery electric vehicles (BEVs). This marks the company's largest SiC inverter win and the first in North America. The inverters, developed from the Viper family of scalable power modules, offer advantages such as low mass, high efficiency, and scalability. Production is expected to commence in 2024. This win reinforces BorgWarner's commitment to the electric vehicle market and strengthens its longstanding customer relationship.
BorgWarner has secured a contract to supply a cutting-edge, high-voltage silicon carbide (SiC) inverter to a major German automaker for their upcoming electric vehicles. The 800V SiC inverter enhances power density and efficiency, resulting in a significantly improved electric vehicle range and driving performance. This technology is part of BorgWarner's Charging Forward initiative, which aims to boost electric vehicle revenue to approximately 45% by 2030 and achieve carbon neutrality by 2035.
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BorgWarner announced that its 400V Silicon Carbide (SiC) inverter has been chosen to power several battery electric vehicles for a European OEM. This inverter features dual-sided cooled power switches, leading to enhanced vehicle performance and range. Production is set to begin in 2023. The SiC inverter offers a lightweight design, reduced costs, and a 70% reduction in switching losses compared to traditional silicon-based inverters. This aligns with BorgWarner's electrification strategy, targeting 45% of revenue from electric vehicles by 2030 and achieving carbon neutrality by 2035.
BorgWarner has secured a partnership with a German OEM to supply its HVH250 electric motors for a new heavy-duty truck model. Each truck will feature two HVH motors per axle, delivering peak power of 175 kW and 425 Nm of torque. The HVH250 motor boasts over 95% efficiency and has been in production for over 10 years. This move reinforces BorgWarner's leadership in commercial vehicle electrification.
Additionally, the company offers various electric vehicle technologies, including drive modules and battery packs, further solidifying its commitment to sustainable mobility solutions.
BorgWarner has received a $4.97 million award from the U.S. Department of Energy for developing a Scalable Ultra Power-dense Extended Range (SUPER) inverter. This project is part of a larger initiative where $60 million is allocated to 24 projects aimed at reducing CO2 emissions in transportation. The project will last 39 months, focusing on creating a smaller, more efficient inverter for electrified vehicles, targeting a power density of 100kW per liter. BorgWarner collaborates with several partners, including Infineon Technologies and Virginia Tech.
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