BorgWarner Inc (BWA)

BorgWarner Inc., incorporated on May 4, 1987, is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company's segments include Engine and Drivetrain. The Engine segment's products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment's products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Company's products are manufactured and sold across the world, primarily to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). Its products are also sold to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). The Company also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in Europe, the Americas and Asia.

Engine

The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains. Its technologies include turbochargers, timing systems, emissions systems, thermal systems, thermostats, diesel cold start and gasoline ignition technology. The Engine Segment provides turbochargers for light, commercial and off-highway applications for diesel and gasoline engine manufacturers in the Americas, Europe and Asia. The Engine Segment also designs and manufactures turbocharger actuators using integrated electronics to control turbocharger speed and pressure ratio.

The Engine segment's turbocharger technologies include regulated two-stage turbocharging system, known as R2S, regulated three-stage turbocharging systems known as R3S, variable turbine geometry (VTG) turbochargers for diesel engines and turbochargers for gasoline direct injected engines. Its timing systems enable control of air and exhaust flow through the engine. Its timing systems products include timing chain, variable cam timing (VCT), crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front-wheel drive (FWD) transmission chain and four-wheel drive (4WD) chain for light vehicles. Its engine timing technology includes VCT with mid position lock. Its emissions systems products include electric air pumps and exhaust gas recirculation (EGR) modules, EGR coolers, EGR tubes and EGR valves for gasoline and diesel applications, glow plugs and instant starting systems that enhance combustion for diesel engines during cold starts, pressure sensor glow plugs that also monitor the combustion process of a diesel engine and ignition technology for gasoline engines, diesel cold start systems and other gasoline ignition technologies.

The Company competes with IHI, Mitsubishi Heavy Industries, T.RAD, Pierburg, NGK, Schaeffler Group, Tsubaki Group, Usui and Xuelong.

Drivetrain

The Drivetrain segment develops and manufactures mechanical products for automatic transmissions and AWD vehicles and rotating electrical components for light and commercial vehicle OEMs and the aftermarket. Its mechanical products include friction, mechanical and controls products for automatic transmissions and torque management products for AWD vehicles, and its rotating electrical components include starter motors, alternators and electric motors for hybrid and electric vehicles. Friction and mechanical products for automatic transmissions include dual clutch modules, friction clutch modules, friction and steel plates, transmission bands, torque converter clutches, one-way clutches and torsional vibration dampers. Its torque management products include rear-wheel drive (RWD)-AWD transfer case systems, FWD-AWD coupling systems and cross-axle coupling systems. This segment is focused on developing electronically controlled torque management devices and systems.

The Drivetrain Segment is involved in the AWD market for FWD based vehicles with couplings that use electronically-controlled clutches to distribute power to the rear wheels as traction is required. The Company's starter motors and alternators are used in gasoline, diesel, natural gas and alternative fuel engines for light vehicle, commercial vehicle, industrial, construction and agricultural applications. Its hybrid electric motors are used in both light and commercial vehicles, including construction, public transit and agricultural applications. These include both pure electric applications, as well as hybrid applications. The Company sells new starters, alternators and hybrid electric motors to OEMs across the world for factory installation on new vehicles, and remanufactured and new starters and alternators to heavy duty aftermarket customers outside of Europe and to OEMs for original equipment service.

The Company competes with JTEKT, Magna Powertrain, Valeo, FCC and Schaeffler Group.