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 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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BorgWarner Inc. (NYSE: BWA) announced a quarterly cash dividend of $0.17 per share on November 11, 2020. The dividend will be paid on December 15, 2020, to shareholders recorded on December 1, 2020. This reflects BorgWarner's commitment to returning value to its investors. BorgWarner is a leader in clean and efficient technology solutions for various vehicle types and operates in 99 locations across 24 countries, employing approximately 48,000 people worldwide.
BorgWarner reported third-quarter 2020 net sales of $2,534 million, up 2% year-over-year, despite lower industry production volumes. Net earnings were $111 million or $0.53 per diluted share, down from $194 million or $0.94 per diluted share in Q3 2019. Adjusted earnings per diluted share fell to $0.88. The company anticipates fourth-quarter sales between $3.46 billion and $3.61 billion, driven by the Delphi Technologies acquisition. For the full year, net sales are expected to be $9.7 billion to $9.85 billion, reflecting a decline due to COVID-19 disruptions.
BorgWarner is collaborating with Michigan Technological University and four industry partners on a new project to reduce energy consumption through advanced vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication. Funded by the U.S. Department of Energy with $1.99 million, this 27-month initiative aims to enhance energy optimization across various vehicle types. The project will capitalize on BorgWarner's propulsion expertise, with extensive vehicle testing planned at the American Center for Mobility in Ypsilanti, Michigan.
BorgWarner Inc. (NYSE: BWA) reported that approximately $776.3 million of the 5.000% Senior Notes due 2025 from Delphi Technologies were accepted in a recent exchange offer, representing 97.04% of the total outstanding. The offer was part of BorgWarner's acquisition strategy for Delphi Technologies and was completed on October 1, 2020. Eligible holders who tendered their notes by the early deadline received BorgWarner Notes and cash consideration. The amendments to the indenture are effective, and the new notes will have similar terms to the original DT Notes.
BorgWarner Inc. announced the appointment of Nelda J. Connors and David S. Haffner to its Board of Directors as of October 2, 2020. Connors, founder of Pine Grove Holdings, brings extensive expertise in operations and financial management, while Haffner, former CEO of Leggett & Platt, contributes significant experience in manufacturing operations and compensation strategy. Their appointments follow BorgWarner's recent acquisition of Delphi Technologies, solidifying the board's focus on advancing clean and efficient technology solutions for automotive applications.
BorgWarner Inc. (NYSE: BWA) has successfully completed its acquisition of Delphi Technologies as of Oct. 2, 2020. This strategic move aims to enhance BorgWarner's capabilities in electrified propulsion systems, building a stronger portfolio in electronics and power electronics products. The integration is expected to boost BorgWarner's combustion, commercial vehicle, and aftermarket sectors. Following shareholder approval and regulatory clearances, Delphi's stock will no longer be traded on the NYSE. The leadership expects significant benefits for shareholders and a seamless transition amidst pandemic challenges.
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