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...Acquisitions are part of BorgWarner’s plan to refashion itself for the electric era....
...Gear maker BorgWarner took over rival Delphi earlier this year, while Toyota Motor has set up an EV parts-making venture with Japanese manufacturers Aisin Seiki and Denso....
...The global auto market may be slowing, but parts maker BorgWarner is putting its foot on the accelerator....
...from a bank line of credit — without BorgWarner’s approval....
...Similarly, BorgWarner has accused rival auto parts maker Delphi, which it had agreed to buy for $3.3bn, of drawing down on a revolver in breach of its merger agreement....
...Shares of Boeing, MGM Resorts, smartphone glass maker Corning, auto parts supplier BorgWarner and engine builder Cummins were in negative territory....
...energy just required to power these self-driving systems is so great that a prototype electric car with a 400km range can only drive 200km autonomously, notes Scott Gallett, vice-president of marketing for BorgWarner...
...BorgWarner’s shares subsequently dived but analysts say the industry’s shift to electric cars means the deal made sense....
...BorgWarner, a car parts supplier, increased 2.6 per cent to $30.29, while AutoNation, a chain of dealerships, was up 1.8 per cent to $47.83....
...Auto-parts maker Borgwarner was the worst performer, falling 11 per cent after issuing disappointing full-year earnings guidance....
...They were a contrast to more disappointing fare from rivals such as Michelin and BorgWarner, a US car parts maker....
...The deal comes just days after Michigan-based BorgWarner, a maker of turbochargers, acquired US peer Remy International, a specialist in alternators and start-stop technology, for $950m....
...Delphi Automotive and Borgwarner, both suppliers, fell 6.9 per cent to $78.23 and 5.6 per cent to $53.46 respectively....
...Its recent successes include a £59m investment from Canadian automotive manufacturer Multimatic that includes 232 jobs and a £26m investment by US engine manufacturer BorgWarner to create a research and...
...The canisters’ size favours large commercial vehicles, according to Paul Nahra, a senior technical specialist for BorgWarner, a supplier of power train components....
...Thus Mr Nahal’s tips include counterintuitive names like Kone, the elevator maker, as well as more logical names like BorgWarner, a maker of fuel efficiency tools for cars, or Delta Electronics, a Taiwanese...
Acquisition helps UK engineering group reposition itself
...Advanced Technology Services (ATS), a manufacturing equipment maintenance company based in Peoria, Illinois, whose clients include Caterpillar, BorgWarner, Honeywell, Eaton and Textron, is finding it tough...
...But BorgWarner , which makes powertrains for engines, had the best performance in the S&P, climbing 12.3 per cent to $72.25 after forecasting record sales and earnings growth....
...Research by McKinsey, the consultancy, suggests that the most successful suppliers over the past two industry cycles – Canada’s Linamar, Autoliv of Sweden, US-based BorgWarner and South Korea’s Hyundai Mobis...
...five years, they said in a survey conducted for Advanced Technology Services, a manufacturing equipment maintenance company based in Peoria, Illinois, whose clients include companies such as Caterpillar, BorgWarner...
...Visteon, BorgWarner, Lear and TRW, all Michigan-based, reported losses well above analysts’ estimates....
...Even formerly blue-chip companies such as Magna, BorgWarner and Johnson Controls, were on the list....
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