) Turbo Systems has received the Daimler Supplier Award 2012 from
) at the Key Supplier Meeting of Daimler in the Mercedes-Benz
Center in Stuttgart, Germany. This award recognizes BorgWarner as
one of the best suppliers for Daimler.
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BorgWarner was also appreciated in the Mercedes-Benz Cars and
Vans-Powertrain category for its exceptional performance in
quality, costs and delivery reliability. This recognition is
attributable to BorgWarner's continuous focus on meeting consumer
need for better technology, quality and reliability.
Over the years, BorgWarner has maintained strong business
relations with Daimler by supplying a range of turbocharging
technologies including regulated two-stage R2S and twin scroll
turbochargers to Mercedes-Benz. These technologies improved fuel
efficiency and maintained the emission standards together with
enhancing the efficiency of the engines.
In 2008, BorgWarner supplied the R2S technology for the C 220 CDI
BlueEFFICIENCY and C 250 CDI BlueEFFICIENCY engines for the
Mercedes-Benz passenger vehicle. This was the first two-stage
turbocharging system installed in the diesel engine of Mercedes.
The relation was further strengthened by the launch of
Mercedes-Benz A45 AMG featuring BorgWarner's twin scroll
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
customers also include
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 fell 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).