Borgwarner Inc Stock Price, News & Analysis

BorgWarner (NYSE: BWA) has announced its upcoming 2024 Third Quarter Results Conference Call, scheduled for October 31, 2024, at 9:30am Eastern Time. The webcast will be accessible live through the company's investor relations website at www.borgwarner.com/investors. For those unable to attend the live session, an archived version will be available at the same web address. BorgWarner, a global product leader in mobility innovation for over 130 years, continues its focus on accelerating the world's transition to eMobility.

BorgWarner Inc. (NYSE: BWA) has announced the full redemption of its 5.000% Senior Notes due 2025. The redemption will take place on November 1, 2024, and involves the entire outstanding $343,443,000 aggregate principal amount. The redemption price includes 100% of the principal amount plus the Applicable Premium and accrued and unpaid interest up to the Redemption Date.

The redemption is in accordance with the terms of the Indenture dated September 23, 1999, as supplemented by the Seventh Supplemental Indenture dated October 5, 2020. Deutsche Bank Trust Company Americas is acting as the indenture trustee and paying agent for this transaction. BorgWarner has confirmed that all necessary approvals for this redemption have been obtained.

BorgWarner has secured an agreement to provide twin turbochargers for the General Motors Corvette ZR1, marking the largest passenger car twin turbochargers in the market. These turbochargers will power the Corvette's 5.5-liter flat plane crankshaft V8 engine, enabling it to produce 1,064 horsepower and 828 pound-feet of torque.

The turbochargers feature a 76mm forged milled compressor wheel with ported shroud and a 67mm turbine wheel inside a mono scroll turbine housing. They incorporate BorgWarner's patented decoupled ball bearing system, offering faster response time, higher durability, and noise. Additional features include a compressor-mounted blade pass speed sensor, zero-clearance heat shielding, and an electronically actuated wastegate system.

Designed and manufactured in the United States, these turbochargers are a result of BorgWarner's extensive work with the NTT INDYCAR SERIES and their ability to provide high-performance solutions.

BorgWarner Inc. (NYSE: BWA) has announced a webcast for its 2024 Third Quarter Results Conference Call. The event is scheduled for October 31, 2024, at 9:30am Eastern Time. Interested parties can access the live webcast at www.borgwarner.com/investors. For those unable to attend the live event, an archived version will be available at the same web address.

BorgWarner, a global product leader in mobility innovation for over 130 years, is currently focused on accelerating the world's transition to eMobility. The company aims to contribute to a cleaner, healthier, and safer future for all through its innovations.

BorgWarner, a global leader in sustainable mobility solutions, has been honored with multiple Brandon Hall Group Excellence Awards for its innovative human capital management initiatives. The company received a silver award for its Power to Evolve (P2E) skill agility program, which partners with universities to train engineers in eProduct development. Additionally, BorgWarner earned two bronze awards for its comprehensive onboarding program and employee well-being initiatives.

These accolades highlight BorgWarner's commitment to employee growth, skill development, and overall well-being as the company navigates the evolving mobility landscape. The awards recognize the company's efforts in creating a positive work environment, fostering employee engagement, and driving outstanding business results through innovative HCM strategies.

BorgWarner has been recognized on the Forbes list of America's Best-In-State Employers 2024 for the third consecutive year. This prestigious award, presented by Forbes and Statista Inc., is based on an independent survey of over 160,000 employees from companies with at least 500 employees in the U.S. The ranking considered around 4.4 million employer evaluations over a three-year period.

The evaluation process included both personal recommendations from employees and public evaluations from industry professionals. Tania Wingfield, Chief Human Resources Officer at BorgWarner, expressed pride in the recognition, highlighting the company's commitment to employee well-being and creating an innovative workforce.

This achievement underscores BorgWarner's consistent performance as a top employer in Michigan and its dedication to supporting employees and communities during industry transitions.

BorgWarner has been awarded two prestigious PR Daily Social Media & Digital Awards for its outstanding campaigns on LinkedIn and Twitter/X. The company's Charging Forward campaign on LinkedIn aimed to attract top talent in the automotive industry, resulting in a 38% increase in visits to BorgWarner's Careers webpage. On Twitter/X, the Borg-Warner Trophy Speaks to Racing Fans campaign created a community for Indianapolis 500 enthusiasts, leading to a 7.5% growth in followers and 44% more engagements compared to the previous year.

These successful social media strategies have significantly boosted BorgWarner's online presence and engagement with potential recruits and racing fans alike. The recognition from PR Daily highlights the company's innovative approach to digital communications and its ability to effectively connect with diverse audiences in the automotive and racing sectors.

BorgWarner Inc. (NYSE: BWA) has announced the final results of its cash tender offers for its 3.375% Senior Notes due 2025 and 5.000% Senior Notes due 2025. The tender offers expired on August 13, 2024, at 5:00 p.m., New York City time. For the 3.375% Notes, $50,975,000 or 13.26% of the outstanding amount was tendered. For the 5.000% Notes, $64,918,000 or 14.32% of the outstanding amount was tendered.

BorgWarner expects to accept all validly tendered notes for payment, with the settlement scheduled for August 16, 2024. The completion of the tender offers remains subject to certain conditions, including a financing condition. BofA Securities, Citigroup Global Markets, and Wells Fargo Securities served as dealer managers for the offers.

BorgWarner Inc. (NYSE: BWA) has announced the pricing of its cash tender offers for its outstanding 3.375% Senior Notes due 2025 and 5.000% Senior Notes due 2025. The tender offers will expire at 5:00 p.m., New York City time, on August 13, 2024, unless extended or terminated earlier. The tender offer consideration for the 3.375% Notes is $992.38 per $1,000 principal amount, while for the 5.000% Notes it's $1,006.66 per $1,000 principal amount.

The company expects the settlement date to be August 16, 2024. Holders whose Notes are purchased will receive accrued and unpaid interest. The tender offers are subject to certain conditions, including a financing condition, but not a minimum tender condition. BofA Securities, Citigroup Global Markets, and Wells Fargo Securities are acting as dealer managers for the tender offers.