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, a leading global provider of clean technology solutions for vehicles, has achieved the Great Place to Work-Certified™ status for the second consecutive year. This certification, based on rigorous employee feedback, indicates that 70% of employees report a positive experience at the company. Chief Human Resources Officer, Felecia Pryor, emphasized the company's commitment to a collaborative and inclusive workplace. This recognition reinforces BorgWarner's focus on fostering a trusting workplace culture, which is linked to enhanced business performance.
BorgWarner Inc. (NYSE:BWA) announced its Project CHARGING FORWARD at its Investor Day, aiming to increase electric vehicle revenue from less than 3% today to about 45% by 2030. The strategy focuses on scaling electric light vehicles, expanding into the electric commercial sector, and optimizing its combustion portfolio. The company expects to generate approximately $4.5 billion in free cash flow from 2021-2025, while committing to carbon neutrality by 2035. BorgWarner plans to leverage its decentralized structure and competitive advantages in technology to succeed in this electrification transition.
BorgWarner Inc. (NYSE: BWA) will host an Investor Day on March 23, 2021, from 9:00 a.m. to 12:00 p.m. EDT, broadcast from its World Headquarters in Auburn Hills, Michigan. Senior leadership will present insights into the company's technologies and its strategic positioning in the electrification domain. The event aims to engage the investment community and showcase BorgWarner's advancements in clean and efficient technology solutions for vehicles. Additional details can be found on their IR website.
BorgWarner has announced a $1,025,000 donation to Kettering University, establishing the BorgWarner Scholars Program aimed at supporting scholarships for underrepresented students, particularly African American and Hispanic individuals, pursuing engineering. The initiative will provide nearly $40,000 annually in scholarships, focusing on those in financial need and offering co-op positions at BorgWarner for real-world experience. This commitment reflects BorgWarner's dedication to fostering diversity within the STEM workforce. The donation includes an additional $100,000 to broaden university initiatives for corporate sponsorships.
BorgWarner Inc. (NYSE:BWA) will host a virtual Investor Day on March 23, 2021, from 9:00 a.m. to 12:00 p.m. (EDT), broadcast from its headquarters in Auburn Hills, Michigan. The event will feature presentations by senior leadership, offering insights into the company's technologies and its strategic positioning in an electrified world. More details can be found on the investor relations website at borgwarner.com/investors.
BorgWarner celebrated Takuma Sato's induction as the 107th face on the Borg-Warner Trophy for his second Indianapolis 500 victory in 2020 during a ceremony at the Indianapolis Motor Speedway Museum. The trophy, commissioned in 1935, honors each winner with a life-like sculpture. Sato praised the artistic process that captures his personality in sterling silver. Despite the pandemic impacting the 104th Indy 500, Sato led 27 laps and averaged 157.824 mph. Later, he will receive a miniature replica trophy, and Rahal Letterman Lanigan Racing will also receive recognition for their contribution.
BorgWarner (NYSE: BWA) has signed a Business Combination Agreement with AKASOL AG (ETR: ASL) to enhance its commercial vehicle electrification capabilities. A wholly-owned subsidiary of BorgWarner will launch a public takeover offer at €120.00 per share for AKASOL, valuing the company at approximately €754 million, including €27 million in debt. Approximately 59% of AKASOL's shareholders have committed to accept the offer. The acquisition aims to strengthen BorgWarner's position in the growing electric commercial vehicle market, with the deal expected to close in late Q2 2021.
BorgWarner Inc. (NYSE: BWA) announced a quarterly cash dividend of $0.17 per share, set to be paid on March 15, 2021, to stockholders of record by March 1, 2021. This declaration reflects the company's commitment to returning value to its shareholders amidst its focus on clean and efficient technology solutions for vehicles. BorgWarner operates globally with around 50,000 employees across 96 locations in 24 countries.
BorgWarner reported strong fourth quarter 2020 results with U.S. GAAP net sales of $3,926 million, a 53.4% increase from Q4 2019. Adjusted net income per diluted share stood at $1.18, showing resilience despite a challenging year. Full-year sales were relatively flat at $10,165 million, affected by the pandemic and acquisitions. The company expects 2021 net sales between $14.7 billion and $15.3 billion, representing a 12% to 17% organic sales increase, with net earnings projected between $3.23 to $3.77 per share.
BorgWarner has announced the upcoming launch of its High Voltage Hairpin (HVH) 320 electric motor, designed for hybrid and electric commercial vehicles. Set for production in 2024, the HVH 320 features 800-volt capabilities and aims to fulfill the needs of a major European OEM. The motor boasts up to 97% peak efficiency and 400kW of power, supporting a common electric drivetrain. Additionally, it achieves a torque output of up to 1270 Nm and includes advanced features like regenerative braking. This innovation enhances BorgWarner’s portfolio in clean propulsion technologies.
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