) facilities in Frankfort, Ill., and Ketsch, Germany, have
received the Supplier Quality Excellence Award from
General Motors Company
). The award was given to about 7% of the General Motors supplier
who managed to meet the quality performance criteria.
Over the last 40 years, BorgWarner has maintained strong business
relations with General Motors by supplying superior quality
transmission systems. The facilities of BorgWarner supplies
one-way clutches for General Motor's 6-speed longitudinal
transmissions, which are used in the wide range of vehicles of
the company like Chevrolet, GMC and Cadillac. The facility based
in Frankfort also supplies brake bands for a 4-speed transmission
The mechanical clutching systems of BorgWarner are equipped with
best efficiency characteristics, which are suitable for a wide
range of applications. The one-way clutch systems offer superior
engagement performance and high efficiency for the automatic
BorgWarner is a leading manufacturer of powertrain products for
the world's major automakers. The company's products are capable
of improving vehicle performance and stability meeting
fuel-efficiency and emission standards. The company's largest
Ford Motor Co.
Toyota Motor Corp.
BorgWarner posted earnings per share (excluding non-recurring
items) to $1.16 per share in the fourth quarter of 2012, down
2.5% from $1.19 in the same quarter of 2011. However, the results
surpassed the Zacks Consensus Estimate by 4 cents.
Revenues dipped 3.1% year over year to $1.72 billion in the
quarter, but were ahead of the Zacks Consensus Estimate of $1.69
billion. Global light vehicle production inched up 1%, while
production in Europe, which comprises over half of the company's
sales, declined 11%.
BorgWarner currently retains a Zacks Rank #3 (Hold).
BORG WARNER INC (BWA): Free Stock Analysis
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis
TOYOTA MOTOR CP (TM): Free Stock Analysis
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