WebDec 6, 2024 · BorgWarner (BWA) -2% in Tuesday's trading after announcing plans to execute a tax-free spinoff of its Fuel Systems and Aftermarket segments into a separate, publicly traded company. WebDec 7, 2024 · December 7, 2024, 7:02 AM · 3 min read. BorgWarner BWA recently announced that it plans to execute a tax-free spin-off of its Fuel Systems and …
BorgWarner names CEO, CFO of fuel systems, aftermarket spinoff
WebOct 4, 2024 · BorgWarner and Delphi Technologies estimate they generated $10.17 billion and $4.36 billion in net sales respectively in the 2024 fiscal year. ... Delphi, a GM spinoff in the 1990s, once was the world’s largest auto supplier. It made most of the components for the former No. 1 automaker. Delphi later expanded into other businesses. WebFeb 14, 2024 · BorgWarner’s proposed new spinoff to be called Phinia, Brady Ericson to take charge as CEO, Chris Gropp as CFO. Phinia is expected to be a product leader in fuel systems, starters, alternators ... sec 8 housing michigan
BorgWarner to spin off fuel systems, aftermarket …
WebApr 10, 2024 · Upcoming spinoffs. April 10, 2024 Spinoffs. This page includes upcoming spinoffs that have been definitively announced, and it includes future spinoffs from American publicly traded companies, though a few foreign companies appear from time to time. Spinoffs that have not been officially confirmed are not included. Last update: April 10, … WebFeb 14, 2024 · The spinoff, introduced in December, will permit BorgWarner to deal with its rising electrical car enterprise because the electrification of the auto trade picks up steam. The provider invested $150 million into electrification R&D final yr and expects to interrupt even on that enterprise by late this yr or early 2024, CFO Kevin Nowlan ... WebApr 5, 2024 · USA - Driveline components and systems manufacturer, Borgwarner Inc of Auburn Hills, Michigan, has selected PHINIA Inc, as the separate, new publicly traded company that will result from completion of the previously announced proposed spin-off of BorgWarner’s Fuel Systems and Aftermarket segments. PHINIA is expected to be a … sec 89 of ipc