Green ETFs

Borg Warner (BWA) Expects to Benefit Big From Fuel Efficiency Revolution
Posted by Tate Dwinnell | # |
07:51:02 am on October 29, 2008

Borg Warner (BWA) is announcing this morning that they expect $2.1 billion in new business (80% coming from Asia and Europe) over the next 3 years despite a horrendous global auto industry.  The company is a key player in the auto fuel efficiency revolution with its gas/diesel turbochargers and dual transmission technology driving the company’s growth. 

“While the current economic crisis is expected to slow near-term, global auto sales, climate change and fuel economy remain major issues that automakers around the world continue to address,” said Timothy M. Manganello,Chairman and Chief Executive Officer. “With an expanding global customer base, Borg Warner is uniquely positioned among vehicle suppliers to deliver power train technologies in a broad range of products that address these needs.”

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Tags: borg warner, bwa, electric cars, fuel efficiency, hybrid cars

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