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 has partnered with ZEEKR, part of Geely Holding Group, to supply its High-voltage Coolant Heater (HVCH) for the ZEEKR 001 electric sedan. This technology enhances battery energy performance by maintaining optimal temperature, leading to improved driving range and passenger comfort. The HVCH is designed for high performance with a power range of 3 to 10 kW and is set to begin production in the second half of 2021, reinforcing BorgWarner's position in the growing EV market.
BorgWarner has declared a quarterly cash dividend of $0.17 per share, scheduled for payment on September 15, 2021. This dividend will benefit stockholders of record as of September 1, 2021. With a strong presence in sustainable mobility solutions, the company continues to leverage its expertise in the vehicle market and aftermarket services, employing around 50,000 staff across 96 locations in 23 countries.
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BorgWarner Inc. (NYSE: BWA) has completed a tender offer for shares of AKASOL AG, securing 89.08% ownership. This acquisition enhances BorgWarner's strategic position in the electric vehicle market, particularly in battery pack solutions. The company paid €648 million from current cash balances to complete the acquisition, aiming for significant revenue growth as part of its Project Charging Forward, which targets electric vehicle revenues to reach 45% by 2030. AKASOL will operate independently but will integrate into BorgWarner’s Air Management reporting segment.
BorgWarner's integrated drive module (iDM) has been selected by the Hyundai Motor Group for their upcoming A-segment electric vehicles, with production set to begin in mid-2023. This collaboration highlights a two-decade partnership and marks their first electrification project together. The iDM146 system, designed for high-performance, operates at 400V and delivers peak power of 135 kW. It integrates a gearbox, silicon inverter, and motor to enhance efficiency and reduce footprint. This development reflects BorgWarner's commitment to sustainable mobility solutions.
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BorgWarner Inc. (NYSE: BWA) announced the full redemption of its outstanding €500 million 1.80% Senior Notes due 2022 on June 18, 2021. The total redemption price will include 100% of the principal amount and any unpaid interest up to the redemption date, along with a Make-Whole Amount. This redemption is conducted through Euroclear and Clearstream banking systems, with DB Services Americas acting as the paying agent. The necessary approvals for this redemption have been secured, ensuring a smooth process.
BorgWarner announces an exciting increase in the rolling jackpot for the Indianapolis 500, now totaling $380,000. This prize is set for the next back-to-back winner, with Takuma Sato as a strong contender. Each year, the company adds $20,000 to the jackpot, which rolls over if not claimed. Since its inception, only five drivers have achieved back-to-back wins. The winner will also receive a miniature trophy as a keepsake, continuing BorgWarner's cherished tradition in motorsports.
BorgWarner Inc. (NYSE: BWA) has priced a public offering of €1.0 billion of 1.00% Senior Notes due in 2031. The company expects to net approximately €981 million after expenses. Proceeds will primarily be used to redeem €500 million of its existing 1.80% Senior Notes due in November 2022, with the remainder supporting general corporate purposes and financing the acquisition of AKASOL AG. The offering’s close is anticipated on May 19, 2021, pending customary conditions.