Press Releases - BorgWarner

Press Releases

Smiling man in blue plaid suit leans against a bridge
Nov 07, 2024

BorgWarner Announces CEO Succession Plan

Joseph Fadool, EVP and COO, to Become President and CEO effective close of business on February 6, 2025Frédéric Lissalde to RetireAuburn Hills, Michigan, November 7, 2024 – BorgWarner Inc. (NYSE: BWA) (“the Company”) today announced that ...

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Nov 07, 2024

BorgWarner Declares Quarterly Dividend

Auburn Hills, Michigan, November 7, 2024 – On November 6, 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 December 16, 2024, ...

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Oct 31, 2024

BorgWarner Secures New High Voltage Coolant Heater Programs in China, Korea and Japan

BorgWarner's HVCH selected by a Chinese OEM for a battery electric SUV, start of production set for Q2 2025 Korean electric vehicle manufacturer chose BorgWarner’s heater for their new electric pick-up model, with production starting in ...

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BorgWarner transfer case CAD on blank background
Oct 31, 2024

BorgWarner Extends Transfer Case Business with North American OEM

Company to supply two types of two-speed transfer cases: Electro-Mechanical On-Demand (EMOD) and Electric Shift-on-the-Fly (ESOF)Builds on over 40 years of BorgWarner transfer case supply for the OEM’s passenger truck platformHigh-performance ...

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Oct 31, 2024

BorgWarner Reports Third Quarter 2024 Results, Increases Full-Year Adjusted Operating Margin and EPS Guidance, Completes $400 Million Share Repurchase Plan

Auburn Hills, Michigan, October 31, 2024 – BorgWarner Inc. (NYSE: BWA) today reported third quarter results.Third Quarter and 2024 Guidance UpdateBorgWarner achieved an adjusted operating margin of 10.1% during the third quarter, which ...

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Oct 29, 2024

BorgWarner Awarded on Forbes World’s Top Companies for Women 2024 List

Auburn Hills, Michigan, October 29, 2024 – BorgWarner has been awarded on the Forbes list of the World’s Top Companies for Women 2024. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal ...

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Oct 17, 2024

BorgWarner Announces Full Redemption of its 5.000% Senior Notes Due 2025

Auburn Hills, Michigan, October 17, 2024 – BorgWarner Inc. (NYSE: BWA) (“BorgWarner” or the “Company”) announced today that it will redeem in full the entire outstanding $343,443,000 aggregate principal amount of its 5.000% Senior Notes ...

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Oct 16, 2024

BorgWarner Included in the TIME World’s Best Companies 2024 Ranking

Auburn Hills, Michigan, October 16, 2024 – BorgWarner has been included in the TIME World’s Best Companies 2024 ranking. This award is presented by TIME and Statista, the world-leading statistics portal and industry ranking provider. The ...

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Large silver double turbocharger with grey background
Sep 23, 2024

BorgWarner Launches Largest Passenger Car Twin Turbochargers to Power General Motors’ Corvette

Turbochargers to boost General Motors’ Chevrolet Corvette ZR1 featuring 5.5-liter flat plane crankshaft V8 engineTurbochargers utilize patented decoupled ball bearing system, enabling faster response time, higher durability, and limited ...

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Aug 29, 2024

BorgWarner Wins Silver and Bronze Brandon Hall Group Excellence Awards

Auburn Hills, Michigan, August 29, 2024 – BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, won several coveted Brandon Hall Group™ awards: a silver award in the category of Best Learning ...

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Aug 27, 2024

BorgWarner Showcases Latest Innovations in Clean Transportation Technologies at IAA Transportation 2024

Debut of BorgWarner LFP battery packs and new DC charging station for commercial vehicles Cutting-edge eCV technologies for optimal vehicle efficiencyMeet BorgWarner's senior executives onsite for insightful discussions on our vision, ...

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Aug 21, 2024

BorgWarner Awarded on the Forbes List of America’s Best-In-State Employers 2024 for Third Consecutive Year

Auburn Hills, Michigan, August 21, 2024 – BorgWarner has been awarded on the Forbes list of America’s Best-In-State Employers 2024, marking the third consecutive year the company has made the list. This prestigious award is presented by ...

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Off-white graphic with words Ragan PR Daily Social Media & Digital Awards Winner
Aug 16, 2024

BorgWarner Wins Two Prestigious PR Daily Social Media & Digital Awards

Auburn Hills, Michigan, August 16, 2024 – BorgWarner has been named a winner in PR Daily’s Social Media & Digital Awards in both the LinkedIn and Twitter/X categories. PR Daily’s Social Media & Digital Awards celebrates the organizations, ...

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Aug 14, 2024

BorgWarner Announces Final Results of its Cash Tender Offers for its Senior Notes

Auburn Hills, Michigan, August 14, 2024 – BorgWarner Inc. (NYSE: BWA) (the “Company”) today announced the expiration and final results of its previously announced tender offers (the “Tender Offers”) to purchase for cash any and all of ...

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Aug 13, 2024

BorgWarner Announces Pricing of Cash Tender Offers for its Senior Notes

Auburn Hills, Michigan, August 13, 2024 – BorgWarner Inc. (NYSE: BWA) (the “Company”) today announced that it has priced the previously announced tender offers (the “Tender Offers”) to purchase for cash any and all of the Company’s outstanding ...

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Aug 08, 2024

BorgWarner to Showcase Expanded Product Line Up at Automechanika Frankfurt 2024

Explore BorgWarner's latest additions to its aftermarket portfolio: timing chains, friction plates, mechatronic modules for dual clutches, and inverters First Automechanika Frankfurt appearance featuring the new company logo and updated ...

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Aug 07, 2024

BorgWarner Prices $1 Billion Senior Notes Offering

Auburn Hills, Michigan, August 7, 2024 – BorgWarner Inc. (NYSE: BWA) (“BorgWarner” or the “Company”) announced today it priced a public offering of $500 million aggregate principal amount of its 4.950% Senior Notes due 2029 (the “2029 ...

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Aug 07, 2024

BorgWarner Announces Cash Tender Offers for its Senior Notes

Auburn Hills, Michigan, August 7, 2024 – BorgWarner Inc. (NYSE: BWA) (the “Company”) today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the table below (collectively, ...

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Aug 03, 2024

Statement Regarding Former Employee Paul Whelan

BorgWarner is relieved that Paul Whelan and several other detainees were released from Russia in August 2024, and are safely at home. While the purpose of Mr. Whelan’s trip to Russia in December 2018 was personal and not business-related, ...

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Two long silver mechanical parts
Jul 31, 2024

BorgWarner Clinches Contracts to Supply Durable, Efficient EGR Coolers to Commercial Vehicle Customer

Contracts for two different exhaust gas recirculation (EGR) coolers awardedResult of strong relationship development and technology leadershipProprietary compact floating core architecture enables high levels of reliability, extends product ...

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