BorgWarner just announced that it has been chosen to supply its friction materials and plates for BMW’s new ZF 8-speed automatic transmission. BorgWarner’s technology will be used at key clutch points in the new transmission to improve fuel economy and enhance performance on the 2010 BMW 760i.
In a press release, John Sanderson, President and General Manager, BorgWarner Drivetrain Systems, commented on the news:
“The ZF 8HP automatic transmission shifts gears in only fractions of … Read the rest
BorgWarner just announced that it has been selected to supply China’s First Automotive Works with its turbochargers and EGR valves. Under the agreement, Borgwarner will supply First Automotive Works with the products beginning in 2010. First Automotive Works will use the turbo-chargers in their new gasoline engines and the EGR valves in their diesel engines to help the company’s vehicles meet the new China 4 emissions standards.
Borg Warner (BWA) is selling off with heavy volume after the company reported earnings that missed analyst estimates by a wide margin. The company reported a non GAAP loss of .05/share vs the expectations for a .07/share profit. Sales also came in much lighter than expected at $916 million vs expectations of $970 million.
The CEO commented that restructuring initiatives from last year are helping the company and that the company generated positive cash flow … Read the rest
BorgWarner just announced that it has produced an optimized turbocharger for the new high-torque, 1.8-liter direct-injection gasoline engine from Fiat. BorgWarner’s turbocharger design increases the fuel economy of the engine without sacrificing the level of engine power that people expect from Fiat. BorgWarner unveiled the new turbocharger at the Geneva Motor Show. It will be available consumers in the Lancia Delta and the Alfa Romeo 159.
The government’s new fuel standards may give a life to BorgWarner and Johnson Controls, according to Chicago’s Daily Herald. The new mileage standards require automakers to raise the average efficiency of the vehicles they sell to 35.5 miles per gallon by 2016.
BorgWarner could benefit from these standards by selling its superchargers to give small, more efficient engines more power, while Johnson Control’s work in the field of lithium batteries could pay off as hybrids … Read the rest
BorgWarner just announced that it will be supplying Fiat Powertrain Technologies with its DualTronic Transmission Control System to be used in Fiat’s first dry dual-clutch transmission. The fuel-saving technology will be available on the Alfa Romeo MiTo late this year, and then its use will expand to include many Fiat, Lancia and Alfa mid-sized C and D segment models starting next year.
John Sanderson, President and General Manager, BorgWarner Transmission Systems, commented on the announcement … Read the rest
MarketWatch reports that BorgWarner has announced it will stop paying its quarterly dividend temporarily, until global economic conditions become more favorable. According to Timothy Manganello, chairman and CEO, BorgWarner will start return to paying its .12/share quarterly dividend "as soon as the automotive industry returns to a normalized level of activity."… Read the rest
Borg Warner announced today that it is once again revising its 2008 earnings guidance downward. Previously, Borg Warner had expected non-GAAP earnings of $2.25 to $2.35 per share. However, due to current economic conditions, the company now expects non-GAAP earnings of $1.85 to $1.95 per share. The following special items will also impact the company’s balance sheets for 2008:
Previously announced nine-month year-to-date charges: goodwill adjustment of $(1.27) related to the BERU acquisition, BERU
Borg Warner (BWA) is a key auto parts supplier for hybrid and electric cars and its technologies power all five vehicles in the Green Car Journals top 5 finalists for 2009 Green Car of the Year. Its regulated 2 stage and variable turbine geometry turochargers, pressure sensor glow plugs, Instant Start Systems, DualTronic clutch and control modules and traditional transmission components are a few of the technologies featured in the BMW 335d, Ford Fusion Hybrid, … Read the rest
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