BorgWarner Inc. (BWA) announced a $1.8 billion of expected net new powertrain business for 2010 through 2012. Over the three-year period, BorgWarner expects to launch 80% of its new programs in Asia and Europe.
Timothy Manganello, Chairman and Chief Executive Officer, said, " Of BorgWarner's total new business, 80% is anticipated from engine-related products such as turbochargers, ignition systems, emissions products, engine timing systems, variable cam timing modules and thermal systems. The other 20% is expected in drivetrain-related products including the company's fuel-efficient DualTronic transmission technology and its traditional automatic transmission and all-wheel drive technologies.
Manganello also said, "The European market remains the leader in new powertrain technology and Europe accounts for 50% of our expected new business. As our expansion in Asia continues, we foresee new business sales in the region will account for about 30% of the total by the end of 2012. China represents more than half of that new business. North America is about 20% of BorgWarner's anticipated new business over the three years and includes new domestic engine programs aimed at improving fuel efficiency."
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