BorgWarner

BorgWarner Inc. is an American multinational automotive supplier headquartered in Auburn Hills, Michigan. In 2021 it had facilities at 96 sites in 24 countries and employed about 50,000 people.[6] It is one of the 25 largest automotive suppliers in the world.[7] Frédéric Lissalde has been CEO since 2018.[8]

BorgWarner Inc.
TypePublic
Industryautomotive industry
Founded1928
Headquarters
Auburn Hills, Michigan
,
USA
Number of locations
96, in 24 countries[1]
Area served
worldwide
Key people
Frédéric Lissalde, president and CEO[2]
RevenueUS$10.2 billion (FY 2020)[3]
US$618 million (FY 2020[4]
Total assetsUS$16.029 billion (FY 2020)[5]
Number of employees
50,000[1] (2021)
Divisionsair management, e-propulsion & drivetrain, fuel injection, aftermarket
Websiteborgwarner.com

In 2021 the board of directors consisted of Frédéric Lissalde (president and CEO), Alexis P. Michas, Nelda J. Connors,Dennis C. Cuneo, David S. Haffner, Michael S. Hanley, Paul A. Mascarenas, John R. McKernan, Jr., Deborah D. McWhinney, and Vicki L. Sato.[9]

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. Over the years, BorgWarner has bought many other automotive companies that have become part of BorgWarner, giving BorgWarner a very wide (as in large) pedigree in the automotive world.

Since 1936, the company has offered an annual prize for the winner of the Indianapolis 500.[10]

In February 2022, it was announced BorgWarner had acquired Santroll Automotive Components - a subsidiary of the Chinese company Santroll’s eMotor business, for up to ¥1.4 billion.[11]

Notes
  1. This article is about the automotive business

References
  1. "BorgWarner Company Profile". Retrieved February 23, 2021.
  2. "BorgWarner – Leadership". Retrieved August 26, 2013.
  3. "BorgWarner Revenue 2006-2020". Retrieved February 23, 2021.
  4. ""BorgWarner Operating Income 2006-2020"". Retrieved February 23, 2021.
  5. "Anual report 2020". Retrieved February 23, 2021.
  6. "Company - BorgWarner". www.borgwarner.com. Retrieved February 11, 2021.
  7. "Automotive News". www.autonews.com. February 9, 2021. Retrieved February 11, 2021.
  8. "Growth key for next BorgWarner CEO". Automotive News. June 11, 2018. Retrieved February 11, 2021.
  9. "Board of Directors - BorgWarner". www.borgwarner.com. Retrieved February 11, 2021.
  10. "Borg-Warner Trophy". www.indianapolismotorspeedway.com. Retrieved February 11, 2021.
  11. "BorgWarner to acquire Santroll's light vehicle eMotor business". Automotive World. February 16, 2022. Retrieved February 17, 2022.

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