BorgWarner has been consistently in the news, indicating a versatile presence in the market. Pivotal updates include the declaration of a $0.11
dividend, continued recognition in the
Forbes List of America's Best-In-State Employers, considerable stock transactions, and
earnings exceeding estimates. BorgWarner seems to be focusing on the area of Battery Systems and eProducts and is expected to significantly grow in the sector. The company reported growth in 2023 and is eyeing for a 25-40% eProduct sales increase in 2024. The appointment of
Joseph Fadool as its new COO and multiple insiders selling substantial shares of BWA is also noticeable. BorgWarner disclosed pricing of cash tender offers for its Senior Notes and reduced its 2023 sales guidance. Successful Annual meeting and positive reassessment of EPS guidance were reported, along with securing electric Cross Differential Contracts. Further, BorgWarner announced strategic international partnering with
FinDreams Battery for LFP Battery Packs and completion of the purchase of Eldor Corporation's Electric Hybrid Systems Business Segment.
Borgwarner BWA News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 25 Aug 2024 11:31:57 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
