List of News and Information about borgwarner on 4WheelsNews.com
News and Information about borgwarner
Read the latest news and information about borgwarner published on 4WheelsNews.com! View comments and pictures about borgwarner on 4WheelsNews.com!
BorgWarner Inc. posted a 65-percent jump in net income, attributable to the company, in the third quarter of 2013 to $166.8 million, or $1.45 per share, from $101.1 million, or 85 cents per share, in the same period in 2012. The maker of auto turbochargers and emission systems logged a 6.5-percent jump in revenues to $1.81 billion in the third quarter of 2013.
BorgWarner chief executive James Verrier remarked that operational efficiency and cost controls allow the company to log a strong operating income margin of 12.5% in the third quarter of 2013, noting that the focus on fuel economy and improved emissions continued to drive growth for the company. BorgWarner revised upwards its 2013 earnings forecast to a $5.55-$5.65 per share. On average, analysts were expecting the company to post $5.54 per share, according to Thomson Reuters.
BorgWarner, however, revised downwards its 2013 forecast 3 percent to 4 percent, and updated upwards its 2013 operating margin expectation to 12 percent or better. BorgWarner’s engine division posted a 3.6-percent growth in revenue to $1.2 billion in the quarter and a surge in operating margin to 16.2 percent.Read the entire article BorgWarner logs 65% jump in Q3 net income to $166.8 million
BorgWarner Inc. and other parts suppliers in the U.S. are experiencing a surge in growth. In the last three years, BorgWarner was the best-performing auto supplier in North America. From 2010 to 2012, BorgWarner’s shares more than doubled. The turbocharger producer was able to outperform companies that are much more fashionable.
From the start of 2010, its stock returned four times higher than Google Inc. New CEO James Verrier gets a huge head start but he also faces the challenge of living up to his predecessor. Bloomberg surveyed several analysts. While 12 rate it to be a buy, 12 put it as a hold. No one is selling.
In an interview, Matt Stover, an analyst with Guggenheim Securities in Boston, said that he has a much more difficult job since he’s getting a business that’s doing exceedingly well and with this comes very high expectations.Read the entire article BorgWarner experiencing a surge in growth
BorgWarner Inc. posted $163 million, or $1.28 per share, in net income for first quarter of 2012, compared to $129.7 million, or $1.00 per share, in net profit for the same period in 2011. The first quarter profit excludes a $5 million payment for net interest. The company also posted a 10 percent increase in total revenues to $1.91 billion for the January-March period this year.
The company’s strong showing was greatly augmented by higher sales in its drivetrain segment, which posted a 25 percent increase in revenues to $611.4 million. BorgWarner chief executive Tim Manganello attributed its first quarter feat to greater attention given to fuel economy and improved emissions, which greatly increase the demand for the company’s technology.
Manganello said that excluding the effect of currency and 2011 acquisitions and divestitures, BorgWarner’s first quarter net sales grew around 13 percent year-on-year while global vehicle production grew only four percent. Manganello also attributed the company’s strong results for the first quarter of 2012 to its successful costs management, resulting in an operating income margin of 11.8 percent.Read the entire article BorgWarner posts $163 million first-quarter net income on strong demand
BorgWarner Inc. improved its profits in the fourth quarter as the automaker, driven by the demand from customers who want higher fuel efficiency. For the same period, the auto supplier reported a fourth-quarter net income of $127.5 million, or $1.00 per share – better than the $116.9 million or 89 cents, a year ago.
Its sales in the fourth quarter totaled $1.77 billion, about 16% higher than the previous year. Thomson Reuters said that BorgWarner had earnings of $1.19 per share (excluding nonrecurring items), surpassing Wall Street analysts' forecast of $1.17 per share.
According to J.P. Morgan analyst Himanshu Patel, the company’s fourth-quarter earnings improved by its stronger-than-expected operating margins of 12%, higher than its operating margin of 10.3% the previous year.Read the entire article BorgWarner reported a fourth-quarter net income of $127.5 million
Due to the rising demand for BorgWarner Inc.’s fuel economy systems and technologies, it was able to post higher quarterly profits. In the second quarter, the auto parts supplier took a profit of $1.31 per share compared with $0.68 per share in the same period last year.
If a patent infringement settlement payment from Honeywell and an adjustment related to taxes are excluded, BorgWarner posted earnings of $1.12 per share in the latest period. Sales increased by 28% to $1.8 billion.
BorgWarner’s gains are partly due to the increased demand from automakers such as Ford Motor Co. and Volkswagen AG. They want to acquire technology that is used to boost engine efficiency and reduce emissions.Read the entire article BorgWarner reported higher quarterly profits, raises 2011 forecast
The patent infringement lawsuit filed by BorgWarner Inc. against Honeywell International Inc. over a titanium wheel featured in engine turbochargers has been resolved with a $32.5 million settlement. In a statement, Honeywell said that this settlement is far less than what BorgWarner had been aiming to get (at more than $100 million).
This settlement would also give Honeywell a license to these patents. The trial for the complaint that BorgWarner filed in 2007 had been set to start earlier this week in a federal court in Asheville, N.C. Honeywell referred to this settlement as the “best solution for Honeywell and its customers.”
As governments aim to impose more stringent fuel-economy standards, automakers seek to increasingly use turbochargers. These devices compress air to boost the smaller engines’ power and efficiency. Last March, Honeywell said that it anticipates that by 2015, use of the turbochargers in new U.S. vehicles will double.Read the entire article Honeywell to pay $32.5 million to BorgWarner to end patent suit
In the first three months of 2011, the profits of BorgWarner Inc. increased by 63% to $124.5 million. The company attributed this improvement to the increasing demand for its advanced powertrain technology.
According to a company statement, sales for the quarter that ended on March 31 climbed by 34.5% compared to the same period last year to $1.73 billion. In the first quarter, BorgWarner also was able to repurchase about 2.5 million shares of its common stock.
CEO Timothy Manganello said BorgWarner had a strong start for the year as it is able to grow faster than the market due to the “growing demand for [its] advanced powertrain technology.”Read the entire article BorgWarner said today first quarter profits rose 63 percent to $124.5 million
For the fourth quarter of 2010, BorgWarner Inc.’s net income more than doubled from the same quarter last year. And because of this, the supplier boosted its new-business expectations for 2011 through 2013 to $2.3 billion, a 28% increase over its previous three-year projection of $1.8 billion.
BorgWarner, which makes transmissions, turbochargers and other driveline products, recorded a fourth-quarter net income of $111.7 million on revenue of $1.5 billion, compared with net income of $52.7 million on revenue of $1.2 billion for the same period a year ago.
In addition, BorgWarner said that it repurchased about 2.1 million shares of its common stock in the fourth quarter, which ended Dec. 31. In a statement, BorgWarner CEO Tim Manganello described the fourth quarter as “a strong finish to an exceptional year.”Read the entire article BorgWarner’s fourth-quarter net income more than doubled, report says
As part of efforts to expand into all-wheel-drive technology, BorgWarner Inc. is planning to buy the traction unit of Haldex AB -- Haldex Traction Systems -- for about $205 million in cash.
BorgWarner, the world's biggest maker of automatic-transmission parts, said that with this acquisition, it will get access to front-wheel and all-wheel drive technologies, gain a strong European customer base, and add to its current lineup of front and rear-wheel drive based products.
In a statement, BorgWarner Chief Executive Officer Timothy M. Manganello said that Haldex Traction Systems, “which is a strong and well-respected brand of all-wheel drive products,” will compliment its current portfolio as well as its customer and geographic mix.Read the entire article BorgWarner seeks to buy Haldex AB’s traction unit for $205 million cash
The EFR turbochargers for three of Honda Performance Development (HPD)’s projects will be supplied by BorgWarner. These projects are the following: the 2011 ALMS LMP2 engine, the CR-Z Racer and the CR-Z hybrid R concept car. With BorgWarner's technology, the cars’ performance will surely be improved but Honda seeks to keep its fuel consumption at a low level.
In a statement, BorgWarner revealed that its new turbochargers use last-generation components, including Gamma TiAl (titanium aluminide) turbine wheels, ceramic ball bearings, stainless steel turbine housings and internal wastegates activated by BorgWarner's compact brushless actuator.
The company revealed that twin EFR turbochargers will be fitted on the 2.8-liter V6 LMP2 engine that will make it to the 2011 American Le Mans Series, European Le Mans Series, 24 Hours of Le Mans, and Intercontinental Cup competitions.Read the entire article BorgWarner to supply EFR turbochargers to Honda’s CR-Z Hybrid race car
Timothy Manganello, Chief Executive Officer of BorgWarner Inc., said during the Reuters Global Autos Summit that production capacity in China's auto industry could grow to 40 million units by 2020. However, a surge beyond that level might risk drowning the Chinese market and others with excess supply.
BorgWarner estimates that Chinese auto production could grow to 30 million units by 2020. In 2009, vehicle sales in China surged to a record 13.6 million units and, for the first time, the Chinese market surpassed the United States market.
Manganello adds that some forecasters see even higher sales of 40 million by 2020. However, there may not be enough Chinese buyers to snap up cars to support that level of production. This could result in Chinese automakers trying to sell their excess vehicles in North America, Europe and elsewhere in Asia, a move that would pressure pricing in such markets and expose areas of costly excess capacity for competitors.Read the entire article China’s auto industry could more than double by 2020, says BorgWarner CEO
Because of the surge in the demand for fuel-efficient engine and transmission technologies, BorgWarner Inc. anticipates a 28 percent increase in new business for its powertrain products over the next three years. BorgWarner said that its backlog of new business for powertrain parts stands at $2.3 billion for 2011 through 2013.
This is about 28 percent higher than the three-year forecast the company issued last year. The company disclosed that 77 percent of the backlog concerns engine-related products such as turbochargers and ignition systems.
The remaining portion stems from drivetrain products, such as BorgWarner’s dual-clutch transmissions and all-wheel-drive technologies.Read the entire article BorgWarner expects 28 percent improvement in powertrain business
Turbochargers and timing drive systems for the Audi TT RS and its new 2.5l five cylinder inline gasoline engine will be provided by BorgWarner, which is known for specializing in advanced turbocharger technology. With this unit, the TT RS will be able to maintain fuel consumption at about 25.5 mpg (9.2 liters/100 km) and will be able to accelerate from 0-60 in 4.6 seconds.
In a release, Tim Manganello, BorgWarner CEO, said that several years ago, Audi was the first to combine gasoline direct injection with turbocharging in volume production and that today, Audi is again setting new standards in performance and driving.
To integrate BorgWarner's advanced technologies with Audi's powerful new engines, BorgWarner worked with the engineers from Audi's quattro. Their target was to develop a turbocharger with special geometry and low weight. They achieved this by adapting the manifold and turbine cross-sections. To obtain high efficiency, a relatively large compressor impeller was utilized. The timing drive system manages the increased loads caused by turbocharged engines.Read the entire article 2010 Audi TT RS to use BorgWarner turbochargers
Did you film an important event?