BorgWarner Plans to Grow Electric Vehicle-Related Business, an Industrial Info Market Brief

Auburn Hills, Michigan-based automotive component and parts company BorgWarner posted fourth-quarter revenue 2018 of $2.57 billion, down 0.5% compared with fourth-quarter 2017. Excluding the impact of foreign currencies, net sales were up 2.0% compared with fourth quarter 2017. The company expects a three-year net new business backlog of $2.0 billion to $2.4 billion.