BorgWarner Awarded by Daimler - Analyst Blog
April 18 2013 - 1:30PM
Zacks
BorgWarner Inc.’s (BWA) Turbo Systems has
received the Daimler Supplier Award 2012 from Daimler
AG (DDAIF) at the Key Supplier Meeting of Daimler in the
Mercedes-Benz Center in Stuttgart, Germany. This award recognizes
BorgWarner as one of the best suppliers for Daimler.
BorgWarner was also appreciated in the Mercedes-Benz Cars and
Vans-Powertrain category for its exceptional performance in
quality, costs and delivery reliability. This recognition is
attributable to BorgWarner’s continuous focus on meeting consumer
need for better technology, quality and reliability.
Over the years, BorgWarner has maintained strong business relations
with Daimler by supplying a range of turbocharging technologies
including regulated two-stage R2S and twin scroll turbochargers to
Mercedes-Benz. These technologies improved fuel efficiency and
maintained the emission standards together with enhancing the
efficiency of the engines.
In 2008, BorgWarner supplied the R2S technology for the C 220 CDI
BlueEFFICIENCY and C 250 CDI BlueEFFICIENCY engines for the
Mercedes-Benz passenger vehicle. This was the first two-stage
turbocharging system installed in the diesel engine of Mercedes.
The relation was further strengthened by the launch of
Mercedes-Benz A45 AMG featuring BorgWarner's twin scroll
turbocharging technology.
BorgWarner is a leading manufacturer of powertrain products for the
world's major automakers. The company’s products are capable of
improving vehicle performance and stability, meeting
fuel-efficiency and emission standards. The company’s largest
customers also include Ford Motor Co. (F) and
Toyota Motor Corp. (TM).
BorgWarner posted earnings per share (excluding non-recurring
items) to $1.16 per share in the fourth quarter of 2012, down 2.5%
from $1.19 in the same quarter of 2011. However, the results
surpassed the Zacks Consensus Estimate by 4 cents.
Revenues fell 3.1% year over year to $1.72 billion in the quarter,
but were ahead of the Zacks Consensus Estimate of $1.69 billion.
Global light vehicle production inched up 1%, while production in
Europe, which comprises over half of the company’s sales, declined
11%.
BorgWarner currently retains a Zacks Rank #3 (Hold).
BORG WARNER INC (BWA): Free Stock Analysis Report
DAIMLER AG (DDAIF): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Toyota Motor (NYSE:TM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Toyota Motor (NYSE:TM)
Historical Stock Chart
From Jul 2023 to Jul 2024