Press Releases

Feb 23, 2024

BorgWarner Recommends Stockholders Reject the Below Market Mini-Tender Offer by TRC Capital Investment Corporation

Auburn Hills, Michigan, February 22, 2024 – BorgWarner Inc. (NYSE: BWA) (“the Company”) today announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada, to purchase ...

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Feb 14, 2024

BorgWarner Awarded on the Forbes America’s Best Employers 2024 List

Auburn Hills, Michigan, February 14, 2024 – BorgWarner has been awarded on the Forbes list of America’s Best Employers 2024. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ...

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Rendering of the eMotor Stator Rotor
Feb 08, 2024

BorgWarner Strengthens eMotor Business with XPeng

Production began January 2024 for use on XPeng’s X9 MPVStator winding technology delivers industry-leading power density and efficiencyOil cooling improves motor heat dissipation BorgWarner has begun eMotor rotor and stator production ...

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Metal automotive part
Feb 08, 2024

BorgWarner Secures Contract Extending High Voltage Coolant Heater Business with Global OEM

High voltage coolant heaters (HVCH) will be incorporated on electric SUVs and passenger trucksTechnology regulates battery pack temperature and cabin heating in EVsTo be manufactured at BorgWarner’s Cadillac, Michigan facility Auburn Hills, ...

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Gray silver automotive component in compact box
Feb 08, 2024

BorgWarner Secures Boosted Dual Inverter Business with Chinese OEM

Dual inverters with boost to be featured on automaker’s PHEVs and REEVsTechnology offers high integration, dynamic performance and flexibilityAuburn Hills, Michigan, February 8, 2024 – BorgWarner has secured a contract with a major Chinese ...

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Feb 08, 2024

BorgWarner Signs International Strategic Relationship Agreement with FinDreams Battery for LFP Battery Packs

BorgWarner to be the preferred manufacturer of LFP battery packs for commercial vehicle markets (class 3 and above) in Europe, the Americas, and parts of Asia Pacific  Auburn Hills, Michigan, February 8, 2024 – BorgWarner Inc. (NYSE: BWA) ...

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Feb 08, 2024

BorgWarner Reports Full Year 2023 Results, Expects 2024 eProduct Sales to Grow Approximately 25% to 40%

Auburn Hills, Michigan, February 8, 2024 – BorgWarner Inc. (NYSE: BWA) today reported fourth quarter and full-year results.Charging Forward Update:BorgWarner has announced a strategic relationship agreement with FinDreams Battery, a subsidiary ...

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Feb 08, 2024

BorgWarner Declares Quarterly Dividend

Auburn Hills, Michigan, February 8, 2024 – On February 7, 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 March 15, 2024, to ...

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Feb 06, 2024

BorgWarner, Cummins, Eaton and Ford support stronger national heavy-duty pollution standards

Industry leaders support EPA’s 2027 timeline and oppose off-ramp for Phase 3 heavy-duty vehicle standardsWASHINGTON (February 6, 2024) – Today, an alliance of the country’s biggest names in truck manufacturing and supply, the Heavy-duty ...

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Feb 05, 2024

BorgWarner Named to Fortune’s 2024 World’s Most Admired Companies List

Marks second consecutive year BorgWarner has been included on the listBorgWarner is one of fifteen automotive parts suppliers namedTalent attraction and retention, social responsibility and investment value were factored into rankingsAuburn ...

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Three men stand and smile while two hold trophies
Jan 24, 2024

BorgWarner Presents Josef Newgarden and Roger Penske with Coveted Baby Borg Trophies

Josef Newgarden is the latest Indianapolis 500 winner to receive the commemorative trophyRoger Penske received a Championship Team Owner’s Trophy honoring Team Penske’s 19th Indianapolis 500 winAwards ceremony held at the Henry Ford Museum ...

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Jan 23, 2024

BorgWarner Showcases Electrification Portfolio at SIAT 2024

BorgWarner highlights latest high-voltage drivetrain developments including eMotor, inverter, and integrated drive moduleThermal management portfolio, battery systems, and DC fast chargers also showcasedUpdated electrification goals for ...

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Product rendering of iDM180
Jan 17, 2024

BorgWarner to Showcase eMobility Solutions at EV JAPAN 2024 in Tokyo

Media roundtable to be held on January 24, 2024, from 1 to 2 pmCharging Forward 2027 business strategy presented for the first time in JapanDuring the 2024 EV Japan show at Tokyo Big Sight, BorgWarner will present its updated business ...

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Jan 10, 2024

BorgWarner Announces New Joint Venture for Business Growth in the Chinese Electric Commercial Vehicle Market

Agrees to form joint venture with Shaanxi Fast Auto Drive GroupHigh-voltage inverter for commercial vehicles strengthens BorgWarner’s product portfolioBorgWarner is continuing to expand its product portfolio for battery electric and hybrid ...

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Close up of silver trophy featuring man's 3-D face and name, year and speed
Dec 18, 2023

Josef Newgarden Becomes 110th Addition to Borg-Warner Trophy® Highlighting 2023 Indianapolis 500 Victory

Josef Newgarden's sculpted face was unveiled at ceremony last FridayMarks the 110th driver's face to be affixed onto the trophyNewgarden is the first American Indy 500 winner since 2016Auburn Hills, Michigan, December 18, 2023 – To commemorate ...

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Dec 07, 2023

BorgWarner Awarded on Newsweek’s America’s Most Responsible Companies 2024 List

Marks the fifth consecutive year BorgWarner has been includedReaffirms BorgWarner’s environmental, social and corporate governance (ESG) effortsCompanies scored and ranked by KPI research and public survey findingsAuburn Hills, Michigan, ...

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Graphic featuring collage of photos featuring diverse group of people working in an office setting
Dec 06, 2023

BorgWarner Participates in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

Index acts as benchmark to measure policies, practices and benefits relating to LBGTQ+ employeesIncluded for third consecutive yearAuburn Hills, Michigan, December 6, 2023 – BorgWarner, a global product leader in delivering innovative ...

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Portraits of Kevin Nowlan and Craig Aaron
Dec 05, 2023

BorgWarner Announces CFO Succession Plan

Kevin Nowlan, Executive Vice President and CFO, to Retire. Craig Aaron Promoted to Executive Vice President and CFO, Effective March 1, 2024Auburn Hills, Michigan, December 5, 2023 – BorgWarner Inc. (NYSE: BWA) (“the Company”) today announced ...

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Dec 01, 2023

BorgWarner Completes Acquisition of Eldor Corporation’s Electric Hybrid Systems Business Segment

Auburn Hills, Michigan, December 1, 2023 – BorgWarner Inc. (NYSE: BWA) announced today that it has completed its acquisition of the Electric Hybrid Systems business segment of Eldor Corporation (“Eldor”). The acquisition is an important ...

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Nov 09, 2023

BorgWarner Declares Quarterly Dividend

Auburn Hills, Michigan, November 9, 2023 – On November 8, 2023, 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 15, 2023, ...

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