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News Breaks | | | | February 14, 2013 | | 08:06 EDT |  | BWA | BorgWarner 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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News For BWA From The Last 14 Days Check below for free stories on BWA the last two weeks. |
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| May 23, 2013 | | 08:26 EDT |  | BWA | BofA/Merrill's automotive analyst holds an Analyst/Industry conference call
Automotive & Auto Parts Analyst Murphy, along with Dave Andrea of the Original Equipment Suppliers Association, discusses results of the latest OESA's Automotive Supplier Baromter Survey and investment implications for the automotive supply chain on an Analyst/Industry conference call. Relevant covered companies MGA, BWA, DLPH, TEN and DAN may be included on the Analyst/Industry conference call to be held on May 24 at 10 am. | | | May 15, 2013 | | 09:01 EDT |  | BWA | BorgWarner expands cooperationg with Jaguar Land Rover
BorgWarner will provide its turbocharging technologies for Jaguar Land Rover's new family of four-cylinder gasoline and diesel engines, expected to launch in 2015. To support JLR's new Engine Manufacturing Centre near Wolverhampton, BorgWarner plans to expand on its existing production lines and build a new engineering center in Bradford, United Kingdom. | |
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