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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."
News For BWA From The Last 14 Days
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March 25, 2015
08:05 EDTBWABorgWarner expands manufacturing facility in Mexico
BorgWarner expanded its manufacturing facility at its campus in Ramos-Arizpe, Mexico, to meet increasing demand for emissions technologies in North America. The facility will produce exhaust gas recirculation modules, ignition coils and coolant control valves for gasoline- and diesel-powered passenger cars, minivans and light-duty trucks. The expansion will increase capacity for current products as well as BorgWarner's latest advancements in emissions technologies. BorgWarner expects to create approximately 350 new manufacturing jobs at the facility over the next two years.

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