Recent events
Recent events tied to this brand in public sources.
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2022
BorgWarner announces acquisition of Santroll's light vehicle eMotor business
BorgWarner announced the acquisition of Santroll's light vehicle eMotor business in China for up to ¥1.4 billion. The announcement describes the acquisition; it does not establish that the transaction was completed.
2022
BorgWarner sells Water Valley facility to Atar Capital
BorgWarner reported that it sold its Water Valley, Mississippi facility to Atar Capital.
2021
BorgWarner announced North American inverter program award
BorgWarner announced that it secured an award for a North American inverter program with a global OEM. The program is expected to launch in 2024.
2021
BorgWarner completes acquisition of majority stake in AKASOL
BorgWarner completed its tender offer for AKASOL shares and owned 89.08% of AKASOL's outstanding shares following completion.
2021
BorgWarner and Kettering University establish scholarship initiatives
BorgWarner and Kettering University established scholarship initiatives through a $1,025,000 donation. The BorgWarner Scholars Program is intended to provide annual scholarships, primarily for African American and Hispanic students in financial need interested in engineering co-ops at BorgWarner.
2021
BorgWarner announces acquisition of Akasol
BorgWarner announced an acquisition of Akasol, with a wholly owned subsidiary launching a voluntary public takeover offer for all outstanding shares at €120 per share. Holders of approximately 59% of Akasol’s outstanding shares had committed to accept the offer.
2020
BorgWarner completed its acquisition of Delphi Technologies
BorgWarner announced that it completed its acquisition of Delphi Technologies on October 2, 2020. The company said the combination would strengthen its electronics and power electronics offerings and other businesses.
2020
BorgWarner appoints two directors to its board
BorgWarner announced that Nelda J. Connors and David S. Haffner had been named to its board of directors.
2020
BorgWarner agrees to SEC settlement over asbestos liabilities
BorgWarner agreed to pay $950,000 in an SEC settlement over allegations that it failed to calculate and report $700 million in future asbestos liability claims. The SEC said the company misstated financial statements from 2012 to 2016 by failing to account for certain asbestos liabilities.
2020
BorgWarner announces acquisition of Delphi Technologies
BorgWarner announced a $3.3 billion acquisition of Delphi Technologies, with the deal intended to expand its hybrid and electric vehicle business.
2019
BorgWarner introduces HVH 146 electric motor
BorgWarner announced the introduction of its new High Voltage Hairpin (HVH) 146 motor. Its start of production was planned for early 2020.
2019
BorgWarner reports third-quarter 2019 results
BorgWarner reported third-quarter 2019 results, including net sales of $2.492 billion and net earnings of $194 million.
2019
BorgWarner updates 2019 full-year guidance
BorgWarner announced updated 2019 full-year guidance, including expected net sales of $9.95 billion to $10.1 billion.
2019
Enstar acquired BorgWarner Morse TEC
Enstar announced that Enstar Holdings (US) LLC had acquired Morse TEC from BorgWarner Inc.