) 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.
BORG WARNER INC (BWA): Free Stock Analysis
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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).