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Stock Market & Financial Investment News

News Breaks
February 14, 2013
08:06 EDTBWABorgWarner sees FY13 EPS $5.15-$5.45, consensus $5.29
The company said, "Market conditions were challenging in the fourth quarter. Global light vehicle production in the fourth quarter was up approximately 1% from a year ago, but light vehicle production in Europe, a market which comprises nearly half of our sales, was down approximately 11%. Our sales were flat during the same period, excluding the impact of foreign currencies and 2011 and 2012 dispositions...In 2013, we expect reported sales growth of 2% to 6% compared with 2012, or sales growth of 3% to 7% excluding the impact of 2012 dispositions, earnings of $5.15-$5.45 per diluted share and an operating income margin of 11.5% or better. We anticipate that this will continue our record financial pace despite difficult market conditions in Europe."
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September 16, 2014
08:01 EDTBWABorgWarner produced 1.5M exhaust gas recirculation valves in China
BorgWarner's production facility in Ningbo, China, has produced more than 1.5M exhaust gas recirculation valves for passenger cars and commercial diesel vehicles. Starting in 2010 with the production of EGR valves and adding EGR coolers and EGR modules in 2013, BorgWarner's plant in Ningbo has been supplying several European and Chinese customers. BorgWarner expects demand to increase over the coming years and plans to produce one million EGR valves annually in Ningbo beginning in 2016.
September 8, 2014
13:26 EDTBWAFord falls after two notch downgrade at Morgan Stanley
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07:59 EDTBWAMorgan Stanley downgrades Auto sector to Cautious, downgrades Ford
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