Profile: BorgWarner Inc (BWA)

BWA on New York Consolidated

62.59USD
17 Apr 2014
Price Change (% chg)

$0.53 (+0.85%)
Prev Close
$62.06
Open
$61.94
Day's High
$63.08
Day's Low
$61.79
Volume
771,028
Avg. Vol
1,373,936
52-wk High
$63.89
52-wk Low
$35.22

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BorgWarner Inc., incorporated on May 4, 1987, is a global supplier of engineered automotive systems and components primarily for powertrain applications. The Company’s products are manufactured and sold worldwide, primarily to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light-trucks). The Company's products are also sold to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. On January 31, 2011, the Company acquired 100% of the stock of Haldex Traction Holding AB (Haldex Traction Systems) of Haldex Group. In July 2012, the Company sold its spark plug business to Federal-Mogul Corporation. Effective February 28, 2014, BorgWarner Inc acquired the entire share capital of Gustav Wahler GmbH u Co KG.

The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia, and is an original equipment supplier to every automotive OEM in the world. As of December 31, 2011, the Company had 10 joint ventures in which it had a less-than-100% ownership interest.

Engine

Engine Group products include turbochargers, emissions systems, timing devices and chain products, thermal systems, diesel cold start, gasoline ignition technology and cabin heaters. The Engine Group provides turbochargers for light, commercial and off-highway applications for diesel and gasoline engine manufacturers in the Americas, Europe and Asia. As of December 31, 2011, the Company supplied light-vehicle turbochargers to many OEMs, including Volkswagen, Renault, PSA, Daimler, Hyundai, Fiat, BMW, Ford and General Motors. The Company also supplies commercial vehicle turbochargers to Daimler, Navistar, Deutz and MAN and off-highway turbochargers to Caterpillar and John Deere. The Company's newest turbocharger technologies are its regulated two-stage turbocharging system, R2S, variable turbine geometry (VTG) turbochargers and turbochargers for gasoline direct injected engines, all of which may be found in numerous applications worldwide. Also, the Company supplies VTG turbochargers to Renault's 1.6 liter R9M diesel engine featured in the Megane Scenic.

The Engine Group also designs and manufactures products to control emissions. These products include electric air pumps, turbo actuators using integrated electronics to control turbocharger speed and pressure ratio and exhaust gas recirculation (EGR) coolers, tubes and valves for gasoline and diesel applications. The Engine Group's timing devices and chain products include timing chain and timing drive systems, variable cam timing (VCT) systems, crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front-wheel drive (FWD) transmission chain and four-wheel drive (4WD) chain and MORSE GEMINI chain systems for light vehicles. It is a manufacturer of timing chain systems to OEMs worldwide. BorgWarner timing chain systems are featured on Ford's family of engines, including the Duratec, Modular, and in-line four-cylinder engines, Chrysler's 3.6 liter Pentastar engine, Volkswagen's EA888 family, Hyundai's Gamma, Nu and Theta families and other applications worldwide.

The Engine Group's newest chain product technology is its VCT with mid position lock. The Company is a manufacturer of chain for FWD transmissions and 4WD transfer cases. Its HY-VO chain is used to transfer power from the engine to the drivetrain. The chain in a transfer case distributes power between a vehicle's front and rear output shafts which, in turn, provide torque to the front and rear wheels. The Company is a global provider of engine thermal solutions for truck, agricultural and off-highway applications. The Engine Group designs, manufactures and markets viscous fan drives that control fans to sense and respond to multiple cooling requirements. The Engine Group also manufactures and markets polymer fans for engine cooling systems.

The Company is a global automotive supplier of diesel cold start technology (glow plugs and instant starting systems), including its Pressure Sensor Glow Plug, which monitors and enhances the combustion process of a diesel engine, minimizing carbon dioxide (CO2) and nitrogen oxide (NOx) emissions. The Company also designs and manufactures gasoline ignition technology (ignition coils) and electronic control units and sensor technology (diesel cabin heaters and selected sensors).

Drivetrain

The Drivetrain Group's products are transmission components and systems, and all-wheel drive (AWD) torque management systems. The Drivetrain Group designs and manufactures automatic transmission components and modules and is a supplier to virtually every automatic transmission manufacturer in the world for conventional automatic, new dual-clutch transmissions (DCT) and automated manual transmissions. Friction and mechanical products include dual clutch modules, friction clutch modules, friction plates, transmission bands, torque converter clutches, one-way clutches and torsional vibration dampers. Controls products feature electro-hydraulic solenoids for high pressure hydraulic systems, transmission solenoid modules and dual clutch control modules. The Company's 50%-owned joint venture in Japan, NSK-Warner Kabushiki Kaisha (NSK-Warner), is a producer of friction plates and one-way clutches in Japan.

The Drivetrain Group's torque management products include rear-wheel drive (RWD)/AWD transfer case systems, FWD/AWD electromagnetic coupling systems and advanced products. Transfer cases are installed primarily on light-trucks, SUVs, RWD based cross-over utility vehicles (CUVs) and passenger cars. The Company is engaged in the AWD market for FWD based vehicles with electromagnetic couplings that use electronically controlled clutches to distribute power to the rear wheels instantly as traction is required. As of December 31, 2011, the Company supplied its eGearDrive single-speed gearbox to the Ford Transit Connect Electric. It is engaged with traditional and non-traditional OEMs on a number of other transmission programs for plug-in hybrid and electric vehicles.

The Company competes with Mitsubishi Heavy Industries (MHI), Modine, Valeo, Schaeffler Group, Tsubaki Group, Usui, NGK, Sensata, Honeywell, IHI, Behr, Pierburg, Denso, Iwis, Horton/Sachs, Bosch, Eberspacher Catem, GKN Driveline, JTEKT, Magna Powertrain, Dynax and Unick.

Company Address

BorgWarner Inc

3850 HAMLIN RD.
AUBURN HILLS   MI   48326
P: +1248.7549200
F: +1302.6555049

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