Not only will carmakers be happy to win 2013 World Car of the
Year Awards, but
) will share the laurels too as its advanced technologies are
deployed in many of the award winning cars. The winners include
) Volkswagen Golf, Porsche's Boxster/Cayman and
Tata Motors Limited
) Jaguar F-Type.
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BorgWarner supplies GenV all-wheel drive together and timing
systems for Volkswagen Golf models equipped with EA888 engines.
It also produces dual-clutch and control modules for the 6-speed
dual-clutch transmission. The diesel models of Volkswagen Golf
are deployed with glow plugs, pressure sensor glow plugs, glow
plug control units and cabin heaters. BorgWarner delivers
ignition coils for the gasoline models.
As for Porsche Boxster/Cayman, BorgWarner provides ignition coils
for Porsche. In addition Jaguar F-Type with 8-speed automatic
transmission uses variable cam timing phasers and friction plates
BorgWarner supplies its advanced technologies to a wide range of
leading vehicles around the world. Eleven out of the 13 finalists
in the 2013 World Car of the Year Awards are equipped with
BorgWarner technologies. The advanced technologies include
variable cam timing phasers, timing systems, turbochargers,
exhaust gas recirculation coolers, ignition coils, glow plugs,
pressure sensor glow plugs, glow plug control units, cabin
heaters, friction plates, one-way clutches and high pressure
BorgWarner is a leading manufacturer of powertrain products for
world's major automakers. The company's products are capable of
improving vehicle performance and stability, thus meeting
fuel-efficiency and emission standards. The company currently
holds a Zacks Rank #3 (Hold).
BorgWarner operates in 57 locations in 19 countries. Its products
are manufactured and sold worldwide, primarily to original
equipment manufacturers of passenger cars, SUVs, trucks and
commercial transportation products.
Ford Motor Co.
) is the company's largest customer.
BorgWarner posted a 1.6% rise in adjusted earnings to $1.30 per
share (excluding non-recurring items) in the first quarter of
2013 from $1.28 in the first quarter of 2012. Earning per share
surpassed the Zacks Consensus Estimate by 8 cents.
Revenues dipped year over year to 3.2% to $1.85 billion, but were
marginally ahead of the Zacks Consensus Estimate of $1.84
billion. The decrease in revenues was driven by a 9% decline in
light vehicle production in Europe.