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BorgWarner

Maker of engine and drivetrain components for vehicles.

Headquarters:
3850 Hamlin Rd.
Auburn Hills, MI 48326
Employees: 13,800
CEO: Timothy Manganello
Stock Symbol: BWA

Website: http://www.borgwarner.com

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BorgWarner Inc. is a leading maker of auto parts including engine components, transmission, and four-wheel drive systems for some of the world's leading auto companies.

Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN.

The company's business units include:

Engine Group - The Engine Group develops strategies and products to manage engines for fuel efficiency, reduced emissions and enhanced performance. BorgWarner’s expertise in engine timing, turbochargers, emission systems, ignition technology, air and noise management, cooling and controls are the foundation for this collaboration.
Drivetrain Group - The Drivetrain Group harnesses our 100-year legacy as an industry innovator in transmission and all-wheel drive technology. The group leverages this understanding of powertrain torque management to develop interactive control systems and strategies for our traditional mechanical products.

BorgWarner operates manufacturing and technical facilities in 59 locations in 18 countries.

The company reported $3.96 billion in sales in 2009, down 24.7% from a year ago, and net income of $27 million.

"We are optimistic about 2010, but also cautious as we contemplate the range of possible outcomes around the world," CEO Timothy Manganello said. "The recovery that we have seen in North America over the last two quarters is the foundation of our optimism. Based on a number of indicators, we expect production rates reached in the second half of 2009 in North America to extend into 2010. Furthermore, we believe that there may be potential upside to that scenario. We are also excited about our Asian businesses where higher production levels and new program launches in China, India, Korea and Japan are expected to drive growth for our company."

History

1880 - Morse Equalizing Spring Company, forerunner of Morse Chain, is founded.
1901 - Warner Gear is founded.
1904 - Borg & Beck is founded. George and Earl Holley begin producing carburetors.
1906 - Morse begins manufacturing automobile chain.
1908 - First manual transmission is manufactured by Warner Gear.
1928 - Borg-Warner Corporation is formed. Founding companies include Borg & Beck, Marvel-Schebler, Warner Gear and Mechanics Universal Joint.
1987 - Borg-Warner Corporation becomes a private company.
1993 - Borg-Warner Corporation becomes an independent company.

Updated February 11, 2010