BorgWarner expects US$2.5 billion in new powertrain business

Michigan-based BorgWarner Inc., a worldwide leader among manufacturers of highly engineered components and systems for powertrain applications, announced that it expects US$2.5 billion net in new power train business from 2012 to 2014. The 9% increase over the company’s previous three-year net on new business is driven by strong demand for its environmentally friendly technologies, including gasoline and diesel turbochargers, engine timing systems and emission products, as well as dual-clutch transmission technology. BorgWarner’s highly engineered engine and drivetrain components and systems help in improving fuel efficiency, vehicle performance and air quality. It is involved with nearly every major automaker in the world. Timothy M. Manganello, chairman and CEO, said, “We have significantly outpaced the growth of the industry by developing fuel-efficient technologies that meet the needs of the global market.” Manganello said that the European market accounts for 45% of its expected new business. The company expects new business sales in Asia to account for about 35% of the total, 22% of which is expected to come from China. (November 22, 2011)