Auto parts maker BorgWarner Inc. (BWA) said Monday that it expects $1.8 billion of net new powertrain business for 2010 through 2012.
Of the total new business, 80% is expected from engine-related products such as turbochargers, ignition systems, emissions products, engine timing systems, variable cam timing modules and thermal systems, while the remaining 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, BorgWarner said.
The company said it expects to launch 80% of its new programs in Asia and Europe over the three-year period. The company foresees new business sales in the region will account for about 30% of the total by the end of 2012, with China representing more than half of that new business.
BorgWarner said North America accounts for about 20% of its anticipated new business over the three years and includes new domestic engine programs aimed at improving fuel efficiency.
BorgWarner's engine and drivetrain technologies are designed for a variety of powertrains, from gasoline and clean diesel engines to hybrid- and all electric-powered vehicles.
"Despite the historic change in the automotive industry over the last eighteen months, the emphasis on lowering emissions and improving fuel economy has remained constant," said Timothy Manganello, Chairman and Chief Executive Officer of BorgWarner. "While the contraction in the industry has reset global market volume expectations, our portfolio of powertrain technologies continues to drive industry-leading growth."
BorgWarner shares are currently trading at $33.03, up $1.19 or 3.74%.
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