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BorgWarner

Maker of engine and drivetrain components for vehicles.

Headquarters:
3850 Hamlin Rd.
Auburn Hills, MI 48326
Employees: 19,250
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 60 locations in 19 countries.

The company reported record sales in 2011 of $7.11 billion in sales, up 26% from a year ago, and net income of $550.1 million.

“The fourth quarter was a strong finish to an exceptional year for our company,” said Timothy Manganello, Chairman and CEO of BorgWarner. “Our sales were up 16% in the fourth quarter of 2011 compared with fourth quarter 2010. Excluding the impact of currency and sales related to the acquisition of the Traction Systems division of Haldex, which closed in first quarter 2011, our sales were up 12%. Global vehicle production was up 1% during the same period. New business growth drove our fourth quarter results as it did throughout the year. Adoption rates of our leading-edge powertrain technology continued to outpace vehicle production in every major region of the world. The continued focus on execution at our operations resulted in a very strong operating income margin of 12.0% in the fourth quarter, excluding non-recurring items. This is sharply higher than the 10.3% operating income margin posted in the fourth quarter of 2010.”

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 July 19, 2012