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) - a global leader in propulsion systems and electrification solutions - maintains this dedicated news hub for investors and industry stakeholders. Access official press releases, financial disclosures, and strategic updates from the automotive technology innovator.
This resource consolidates BorgWarner's latest developments in e-mobility advancements, powertrain innovations, and sustainability initiatives. Users will find timely updates on earnings reports, product launches, manufacturing expansions, and technology partnerships that shape the future of vehicle propulsion systems.
Key content categories include quarterly financial results, breakthrough engineering developments in electric vehicle components, strategic acquisitions, and updates on emission-reduction technologies. The archive serves as an essential tool for tracking BorgWarner's progress in balancing combustion engine optimization with next-generation electrification solutions.
Bookmark this page for direct access to unfiltered corporate communications from one of the automotive industry's most influential suppliers. Check regularly for updates on how BorgWarner continues to drive innovation in hybrid and electric vehicle technologies while maintaining leadership in traditional propulsion systems.
BorgWarner has been recognized on USA TODAY's list of America's Best Climate Leaders 2024. This award is presented by USA TODAY and Statista Inc. and honors companies for their climate leadership based on a comprehensive two-step process involving application, research, and data analysis.
Criteria for inclusion included being headquartered in the USA, revenue of at least $50 million in 2022, independent emission reporting, and a broader environmental record. BorgWarner's recognition highlights their commitment to environmental sustainability across their business operations, including their strategy to increase production of electric and hybrid vehicle components.
Volker Weng, Vice President of BorgWarner and Environmental Sustainability Lead, emphasized the company's dedication to creating a cleaner, energy-efficient world through sustainable practices in production, materials, and partnerships.
BorgWarner (NYSE: BWA) has announced the promotion of Joseph Fadool to Executive Vice President and Chief Operating Officer, effective July 1, 2024. Fadool, currently Vice President and President and GM of Emissions, Thermal, and Turbo Systems, will oversee company operations, with business unit presidents reporting to him. The company also revealed a restructured business unit system to support its Charging Forward strategy, aiming to boost operational agility and efficiency. The new units are Emissions, Thermal and Turbo Systems, Drivetrain and Morse Systems, PowerDrive Systems, and Battery and Charging Systems. The reorganization will also align with the company's financial reporting segments starting July 1, 2024.
Josef Newgarden won the 2024 Indianapolis 500, securing his second consecutive win by passing Pato O'Ward on the final lap. Newgarden received the Borg-Warner Trophy® and a $440,000 rolling jackpot, resetting the pot for 2025. The race featured 49 lead changes among 18 drivers and was attended by 300,000 fans. This victory also marked team owner Roger Penske's 20th win in the event's history. BorgWarner's EFR™ turbochargers have powered all NTT INDYCAR SERIES® racecars since 2012.
BorgWarner Inc. reported strong first quarter results, including an increase in net sales and adjusted earnings per diluted share compared to the previous year. The company secured contracts for electric vehicle systems with XPeng, Polestar, and a major European OEM. BorgWarner also announced a share repurchase program of up to $500 million, in addition to repurchasing $100 million of its outstanding shares during the quarter. Full-year EPS guidance has been raised, with expected net sales in the range of $14.4 to $14.9 billion. Operating margin and adjusted net earnings per diluted share are also expected to increase for the full year.
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