| Type | Public company |
|---|---|
| Traded as | NYSE: BWA |
| Industry | Automotive industry |
| Founded | 1880 (as Morse Equalizing Spring Co.)[2] 1928 (formation of Borg-Warner Corp.)[2] |
| Headquarters | Auburn Hills, Michigan, USA |
| Number of locations | 60, in 18 countries[1] |
| Area served | Worldwide |
| Key people | Timothy M. Manganello (CEO) |
| Products | Powertrain: manual transmissions automatic transmissions, dual clutch transmissions |
| Revenue | US$5.65B (FY 2010)[3] |
| Operating income | US$569M (FY 2010)[3] |
| Net income | US$377M (FY 2010)[3] |
| Total assets | US$5.55B (FY 2010)[4] |
| Total equity | US$2.26B (FY 2010)[4] |
| Employees | 17,500 worldwide[1] |
| Divisions | BorgWarner Engine Group[5] BorgWarner Drivetrain Group[5] |
| Website | BorgWarner.com |
BorgWarner Inc. (NYSE: BWA) is a United States-based worldwide automotive industry components and parts supplier. It is primarily known for its powertrain products,[1] which include manual and automatic transmissions and transmission components, (e.g., electro-hydraulic control components, transmission control units, friction materials, and one-way clutches), turbochargers, engine valve timing system components, along with four-wheel drive system components.[1]
The company has 60 manufacturing facilities across 18 countries,[1] which include the U.S., Canada, Europe, and Asia. It provides drivetrain component solutions to all three U.S. automakers,[1] as well as a variety of European[1] and Asian[1] original equipment manufacturer (OEM) customers. BorgWarner has diversified into several automotive-related markets (1999),[2] including ignition interlock technology (ACS Corporation est.1976) for preventing impaired operation of vehicles.
Historically, BorgWarner was also known for their ownership of the Norge appliance company (washers and dryers).[6] [7]
Contents |
The original Borg-Warner Corporation was formed in 1928[2] by the merger of Warner Gear,[2] which itself was founded in 1901,[2] and Borg & Beck[2] with roots to 1904,[2] along with two other companies. The company was best known as the supplier of Warner Gear overdrive units for cars of the 1930s to the 1970s,[8] and as the developer of Ford's Ford-O-Matic three-speed automatic transmission introduced in 1950,[2] along with 'Holley' brand Borg & Beck carburetors.[2]
The company is also notable for co-developing the first major non-diesel application of a variable-geometry turbocharger with Porsche, the Variable Turbine Geometry (VTG) system, used in the 2007 911 Turbo.[9] BorgWarner claims this technology will reach mainstream cars within 10 years.[9] From 2002, Peugeot, Ford and Renault became major customers for the company's turbochargers[2] with the Volkswagen Group on-board since 1999, choosing to exclusively use the BorgWarner K-Series turbochargers for their then-new 1.8T power plant.
BorgWarner is currently the leading supplier of wet clutches and hydraulic modules for dual clutch transmission systems. With their DualTronic[2] technology, BorgWarner has gained contracts with European automakers[2] that want to use dual clutch transmissions. The German automotive concern Volkswagen Group is BorgWarner's largest customer (by sales),[1] and Europe is their largest market.[1] Light vehicles (automobiles, car-derived vans, and light commercial vehicles) account for 72% of BorgWarner's total sales.[1]
The company's World Headquarters is based in Auburn Hills, Michigan. Robert S. Ingersoll formerly served as the company's CEO and Chairman. BorgWarner's Powertrain Technical Center (PTC) is also based in Auburn Hills.
The BorgWarner Indianapolis 500 Trophy is presented to the winner of the annual Indianapolis 500 auto racing event; this has been provided by the company since 1936,[10][11] as a legacy of Louie Schwitzer who won the first automobile racing event held at the facility, in 1909.[2] It was announced by the Izod Indycar Series that BorgWarner has been selected as the official supplier for the turbochargers to be used in the 2.2L turbocharged engine formula for the series which takes effect in 2012.
In 2002, BorgWarner Inc. was split into two key business divisions:[2]
The following are subsidiary companies of the parent, BorgWarner Inc.,[12] and/or its primary divisions, and outline their respective products:
BorgWarner Inc. has the following production locations:[21][22]