1 Followers USX:BWA - BorgWarner Inc BorgWarner Inc
Sector: Consumer Discretionary, Industry: Auto Parts & Equipment
Next Earnings: 27 Oct 2021
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USD 49.36    +0.570 (+1.17%)
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3 Aug 2021


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General

CEO: Mr. Frederic B. Lissalde

IPO: 1993-08-12

Headquarters: US

Employees: 49,700

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Description

BorgWarner is a Tier I auto-parts supplier with four operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, cabin heaters, battery heaters, and battery charging. The e-propulsion and drivetrain group produces e-motors, power electronics, control modules, software, automatic transmission components, and torque management products. The two remaining operating segments are the eponymous fuel injector and aftermarket groups. The company's largest customers are Ford and Volkswagen at 13% and 11% of 2020 revenue, respectively. Geographically, Europe accounted for 35% of 2020 revenue, while Asia was 34% and North America was 30%.