BorgWarner expands operations in Ningbo, China BorgWarner officially opened another production plant at its campus in Ningbo, China, on November 28. Propelled by the rapidly growing Chinese automotive market, BorgWarner is expanding its capacity to meet increasing demand for fuel-efficient systems and technologies. The all-new high-tech manufacturing facility will produce and test Morse TEC variable cam timing technologies and engine timing systems to support the production and launch of over 50 programs with more than 20 different customers.
BorgWarner downgraded to Neutral at Baird As reported previously, Baird downgraded BorgWarner to Neutral from Outperform citing China headwinds, execution concerns and a lack of any near-term catalysts. Baird lowered its price target to $50 from $61 on BorgWarner shares.