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BorgWarner

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For the trophy, see Borg-Warner Trophy.
BorgWarner Inc.
Company typePublic
IndustryAutomotive industry
Founded1928
Headquarters
Auburn Hills, Michigan
,
USA
Number of locations
94, in 23 countries[1]
Area served
Worldwide
Key people
Frédéric Lissalde, president and CEO[2]
RevenueUS$14.8 billion (FY 2021)[1]
US$618 million (FY 2020[3]
Total assetsUS$16.029 billion (FY 2020)[4]
Number of employees
49,000[1] (2022)
Divisionsair management, e-propulsion & drivetrain, fuel injection, aftermarket
Websiteborgwarner.com

BorgWarner Inc. is an American automotive supplier headquartered in Auburn Hills, Michigan. The company maintains production facilities and technical systems at 93 sites (as of June 6, 2022) in 22 countries worldwide and has around 49,000 employees.[5] BorgWarner is one of the 25 largest automotive suppliers in the world.[6] Frédéric Lissalde has been CEO of BorgWarner Inc. since August 1, 2018.[7]

The company was formed in 1928 as Borg-Warner Corporation. It was formed as a fusion of companies including Borg & Beck, Marvel-Schebler, Warner Gear and Mechanics Universal Joint. In 1987, Borg-Warner Corporation ceased to exist as a result of a series of complex financial transactions, although a new company of the same name (still Borg-Warner Corporation) continued the business. At the same time, Borg-Warner Automotive Inc. was created as a subsidiary of the new company; the mother company, the new Borg-Warner Corporation, was later known as Borg-Warner Security Corporation. In 1993, Borg-Warner Automotive Inc. was spun-off from Borg-Warner Security Corporation and became an independent company [note 1]. In 2005, BorgWarner's world headquarters was moved from Chicago to the metro Detroit area. BorgWarner has bought other automotive companies including Delphi Technologies, Akasol, Santroll, Hubei Surpass Sun Electric (SSE), and Rhombus Energy Solutions. In December 2022, it was announced BorgWarner had acquired the Brügg-headquartered company, Drivetek AG - specialists in engineering and product development services for inverters, electric drive solutions, and power electronics.[8]

BorgWarner has close links with the Indianapolis 500. In the NTT INDYCAR SERIES, BorgWarner’s EFR (Engineered for Racing) turbocharger has been fitted in all participating vehicles in each season since 2012.[9] Since 1936, the company has also appeared as the sponsor of the Borg-Warner Trophy, which serves as an annual prize for the winner of the Indianapolis 500.[10]

In 2017, the supplier became a partner of the SOS Children’s Villages.[11]

Further information can be found in the annually published Sustainability Report.[12]

Notes

  1. ^ This article is about the automotive business

References

  1. ^ a b c "About BorgWarner". Retrieved June 9, 2022.
  2. ^ "BorgWarner – Leadership". Retrieved August 26, 2013.
  3. ^ ""BorgWarner Operating Income 2006-2020"". Retrieved February 23, 2021.
  4. ^ "Anual report 2020". Retrieved February 23, 2021.
  5. ^ "Company - BorgWarner". www.borgwarner.com. Retrieved February 11, 2021.
  6. ^ "Automotive News". www.autonews.com. February 9, 2021. Retrieved February 11, 2021.
  7. ^ "Growth key for next BorgWarner CEO". Automotive News. June 11, 2018. Retrieved February 11, 2021.
  8. ^ "BorgWarner acquires Drivetek AG". Automotive World. December 2, 2022. Retrieved December 3, 2022.
  9. ^ BorgWarner Inc. "IZOD IndyCar Series Selects BorgWarner EFR Turbochargers for 2012-2016 Racing Series". www.prnewswire.com. Retrieved June 9, 2022.
  10. ^ "Borg-Warner Trophy". www.indianapolismotorspeedway.com. Retrieved June 9, 2022.
  11. ^ "BorgWarner becomes Global Partner of SOS Children's Villages". markets.businessinsider.com. Retrieved June 9, 2022.
  12. ^ https://cdn.borgwarner.com/docs/default-source/default-document-library/sustainability-report.pdf?sfvrsn=7b59cb3c_38 [bare URL PDF]
  • Business data for BorgWarner:
  • Website of BorgWarner Inc.
  • History of BorgWarner Inc.

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