May 1 BorgWarner Inc, a maker of
automotive turbochargers and emissions systems, posted a higher
quarterly profit, helped by higher sales at both its engine and
BorgWarner also raised its full-year sales growth forecast
and said it now expects it to increase between 12 and 15 percent
in 2014, up from its earlier forecast of 7 to 11 percent.
Net income attributable to BorgWarner rose 12 percent to
$159.1 million, or 69 cents per share, in the first quarter
ended March 31, from $142 million, or 61 cents per share.
Excluding one-time items, BorgWarner earned 83 cents a
(Reporting by Mridhula Raghavan in Bangalore; Editing by Rodney