Borgwarner Inc Stock Price, News & Analysis

BorgWarner announced the supply of its exhaust gas recirculation (EGR) technology for the Fiat 500 and Panda hybrid models. This marks their first gasoline EGR module for mild-hybrid technology with Fiat Chrysler Automobiles in the EMEA region. The compact EGR module aids in reducing emissions and improving fuel efficiency for Fiat’s 1.0-liter, three-cylinder engine. BorgWarner emphasizes its expertise in in-house development and manufacturing, contributing to cleaner hybrid applications.

BorgWarner presented the Borg-Warner Trophy to Takuma Sato, the winner of the 104^th Indianapolis 500, marking the first time the race occurred in August due to COVID-19. Sato, driving for Rahal Letterman Lanigan Racing, led 27 of 200 laps, averaging 157.824 mph. The trophy, created in 1936, features the likeness of each winner, with Sato being the 107^th face. BorgWarner has supplied turbochargers for the event since 2012 and continues to support the race with a jackpot for consecutive winners. Sato's victory adds to the legacy of the event and BorgWarner's role in motorsports.

BorgWarner presented the 54th annual Louis Schwitzer Award to eight engineers for their work on the Aeroscreen, an innovative safety device for INDYCAR. The award recognizes engineering excellence focused on performance and safety advancements in the NTT INDYCAR SERIES. The recipients will donate their $10,000 prize to SeriousFun Children's Network. The Aeroscreen, designed to withstand significant impact and provide clear sightlines, showcases a collaboration involving multiple global manufacturers. BorgWarner emphasized the importance of engineering innovation in enhancing driver safety.

BorgWarner has announced a rolling jackpot of $360,000 for the next back-to-back winner of the Indianapolis 500, increasing the prize by $20,000 each year. Established in 1995, the jackpot has only been won once, by Helio Castroneves in 2002. The 2020 race is set for Aug. 23, where reigning champion Simon Pagenaud will compete for the jackpot. If he is victorious, the jackpot resets to $20,000. Winners receive their likeness on the Borg-Warner Trophy and a miniature version, known as the Baby Borg.

BorgWarner is developing an Integrated Drive Module (iDM) for Ford's all-electric Mustang Mach-E SUV, featuring a comprehensive thermal-management system, gearbox, motor, and power electronics. This innovative design enhances system integration and efficiency, addressing the growing demand for high-performance electric vehicles. With a capacity of 4,278 Nm of axle torque and input speeds up to 13,800 rpm, the iDM is optimized for smooth operation. Production is set to commence this year for both rear-wheel and all-wheel-drive configurations, showcasing BorgWarner's partnership with Ford in electrification.

BorgWarner Inc. (NYSE: BWA) reported a significant second quarter net sales decline of 44%, totaling $1,426 million, primarily due to COVID-19 disruptions. The net loss was $(98) million, or $(0.47) per diluted share, compared to a net income of $172 million, or $0.83 per diluted share in Q2 2019. Adjusted net loss per share was $(0.14), down from $1.00 in the previous year. The company projects full-year net sales of $8.0 billion to $8.4 billion, reflecting an expected organic sales decrease of 16% to 20%. Operating cash flow is estimated between $700 million and $850 million.

BorgWarner Inc. (NYSE: BWA) has declared a quarterly cash dividend of $0.17 per share, payable on September 15, 2020 to shareholders on record as of September 1, 2020. This decision reflects the company’s commitment to returning value to its shareholders. Known for its innovative technology solutions in the automotive sector, BorgWarner operates globally with approximately 29,000 employees across 67 locations in 19 countries, emphasizing sustainability in combustion, hybrid, and electric vehicle technologies.

BorgWarner Inc. (NYSE: BWA) has announced a webcast for its 2020 Second Quarter Results Conference Call scheduled for August 5, 2020, at 9:30 AM ET. The conference will be accessible via the company's investor relations webpage. BorgWarner operates globally with 67 facilities across 19 countries and employs approximately 29,000 people. The company focuses on clean and efficient technology solutions for combustion, hybrid, and electric vehicles. Archived access to the call will be available on the company's investor page.