Europe impacts negatively on BorgWarner in 1st quarter results

May 1, 2013

News
May 1, 2013

BorgWarner, a global provider of automotive powertrain technology based in Auburn Hills, Michigan, USA reports that 1st Quarter 2013 net sales were down approximately 1% to $1.851 million compared with the same period in 2012. The company achieved an operating income of $216 million, or 11.7% of sales.

“Outstanding performance by our operations drove our strong first quarter results,” stated James Verrier, President and CEO of BorgWarner. “The focus on fuel economy and improved emissions continued to drive growth for BorgWarner in most parts of the world, but sharp declines in light vehicle production in Europe, a market that comprises nearly half of our sales, more than offset this growth. Excluding the impact of foreign currencies and 2012 dispositions, our net sales were down approximately 1% in the first quarter compared with first quarter 2012, in line with global light vehicle production, which was down 1%. Light vehicle production in Europe was down 9% in the same period.’’

The company’s outlook for 2013 is unchanged. Annual net sales growth is expected to be up by 2% to 6% compared with 2012, Engine segment net sales were $1,258 million in 1st quarter 2013 compared with $1,308 million in the same period in 2012. However, higher sales of variable cam timing systems in Japan and emissions systems in Asia and the Americas were more than offset by lower production volumes in Europe. Drivetrain segment net sales were $601 million in first quarter 2013, compared with $611 million in 2012.

BorgWarner has operating manufacturing and technical facilities in 57 locations in 19 countries, including powder metallurgy plants in the USA. 

www.borgwarner.com 

News
May 1, 2013

In our latest magazine…

Download PDF

Extensive metal powder and Powder Metallurgy news coverage, plus the following exclusive deep-dive articles and reports:

  • Soft Magnetic Composites (SMCs) for electric motors: A new era driven by automotive and aviation electrification
  • Keep your powder dry: The overlooked impact of moisture in metal powders
  • PM-HIP: The alternative to casting and forging that improves supply chain flexibility and sustainability
  • Producing copper powder from industrial waste: Destiny Copper’s sustainable recovery process
  • The 2024 Japan Powder Metallurgy Association Awards: Recognising innovations in PM

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of Metal Powder Technology, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join 5,000+ other industry professionals – follow us online

Discover our magazine archive…

The free-to-access Metal Powder Technology magazine archive offers unparalleled insight into the world of metal powder from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of Metal Powder Technology magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link