Joseph Fadool, EVP and COO, to Become President and CEO effective close of business on February 6, 2025Frédéric Lissalde to Retire

AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) ("the Company") today announced that its Board of Directors approved a leadership succession plan whereby Joseph Fadool, BorgWarner's Executive Vice President and Chief Operating Officer, has been appointed President and Chief Executive Officer and a member of BorgWarner's Board of Directors effective at the close of business on February 6, 2025. At that time, Frédéric Lissalde will retire from his role as President and CEO and step down from the Board of Directors. To support a seamless transition, Mr. Lissalde will serve in an advisory role until August 30, 2025.

AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- On November 6, 2024, the Board of Directors of BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on December 16, 2024, to stockholders of record on December 2, 2024.

For more than 130 years, BorgWarner Inc. (NYSE: BWA) has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility -- to help build a cleaner, healthier, safer future for all.

BorgWarner's HVCH selected by a Chinese OEM for a battery electric SUV, start of production set for Q2 2025Korean electric vehicle manufacturer chose BorgWarner's heater for their new electric pick-up model, with production starting in Q1 2025BorgWarner wins its first HVCH business award with a Japanese OEM, marking a key milestone in the company's expansion into Japan's growing electric vehicle market

AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner has secured three significant business wins for its High Voltage Coolant Heater (HVCH) technology, expanding its reach in the Chinese, Korean and Japanese electric vehicle markets.

Company to supply two types of two-speed transfer cases: Electro-Mechanical On-Demand (EMOD) and Electric Shift-on-the-Fly (ESOF)Builds on over 40 years of BorgWarner transfer case supply for the OEM's passenger truck platformHigh-performance solutions deliver quick response, improved torque performance

AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active Electro-Mechanical On-Demand 2-Speed (EMOD) and a part-time Electric Shift-on-the-Fly 2-Speed (ESOF) transfer case. Two of the OEM's combustion and hybrid passenger truck platforms will be equipped with the EMOD and ESOF, while an additional passenger truck will receive the ESOF. Start of production for two of the platforms are slated for 2027, with the third expected to begin in 2028.   

AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported third quarter results.

Third Quarter and 2024 Guidance Update

BorgWarner achieved an adjusted operating margin of 10.1% during the third quarter, which equated to a U.S. GAAP operating margin of 7.8%. The Company also generated net cash provided by operating activities of $356 million or $201 million in free cash flow, despite a 5.6% decline in the Company's weighted light and commercial vehicle markets.The Company increased the midpoint of its full year adjusted operating margin guidance by 20 basis points and adjusted earnings per share guidance by approximately $0.18 or 4% per diluted share. This increase is being driven by strong third quarter operational performance, continued cost controls, a lower effective tax rate, and the Company's third quarter share repurchases. The Company reduced its full year mid-point net sales guidance by $150 million primarily due to a lower market production outlook.BorgWarner completed the repurchase of $300 million of the Company's outstanding shares during the third quarter. BorgWarner has now repurchased $400 million of its outstanding shares during 2024.

AUBURN HILLS, Mich., Oct. 29, 2024 /PRNewswire/ -- BorgWarner has been awarded on the Forbes list of the World's Top Companies for Women 2024. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced on October 29th, 2024, and can currently be viewed on the Forbes' website.

AUBURN HILLS, Mich., Oct. 24, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) announces the following Webcast:

What:       

BorgWarner 2024 Third Quarter Results Conference Call

When:       

October 31, 2024 @ 9:30am Eastern Time

Where:     

www.borgwarner.com/investors 

How:         

Live over the Internet -- Simply log on to the web at the address above.

If you are unable to participate during the live webcast, the call will be archived at (www.borgwarner.com/investors)

Turbochargers to boost General Motors' Chevrolet Corvette ZR1 featuring 5.5-liter flat plane crankshaft V8 engineTurbochargers utilize patented decoupled ball bearing system, enabling faster response time, higher durability, and limited noiseLong-standing reputation with NTT INDYCAR SERIES played role in selection

AUBURN HILLS, Mich., Sept. 23, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has solidified an agreement to deliver its turbochargers for use on the General Motors Corvette ZR1 sports car platform, marking the largest passenger car twin turbochargers in the market to be released to date. Paired with the automaker's 5.5-liter flat plane crankshaft V8 engine, this "unthinkable" Corvette is capable of 1,064 horsepower and 828 pound-feet of torque.

AUBURN HILLS, Mich., Sept. 19, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) announces the following Webcast:

What:             BorgWarner 2024 Third Quarter Results Conference CallWhen:            October 31, 2024 @ 9:30am Eastern TimeWhere:           www.borgwarner.com/investors  How:              Live over the Internet -- Simply log on to the web at the address above.

If you are unable to participate during the live webcast, the call will be archived at (www.borgwarner.com/investors)

AUBURN HILLS, Mich., Aug. 29, 2024 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, won several coveted Brandon Hall Group™ awards: a silver award in the category of Best Learning Program Supporting a Change Transformation Business Strategy, and two bronze awards for the categories of Best New Hire and Onboarding Program, and Best Competencies and Skill Development.