Phinia profits fall
AUBURN HILLS–Phinia Inc. (NYSE: PHIN), manufacturer of mobility industry fuel systems, electrical systems, and aftermarket products, announced net income of $35 million, down from $41 million in the same quarter …
BorgWarner in silicon carbide deal for EVs
AUBURN HILLS–The auto supplier BorgWarner Inc. (NYSEL BWA) announced a partnerhip with Onsemi (NYSE: ON), a Scottsdale, Ariz. provider of power and sensing technologies, expanding their strategic collaboration for silicon …
BorgWarner fuel systems business spun out as ‘Phinia Inc.’
AUBURN HILLS–Phinia Inc. has been spun out of BorgWarner and is now trading on the New York Stock Exchange as an independent company, under the ticker symbol PHIN. The new …
BorgWarner appoints Hau Thai-Tang to its board
AUBURN HILLS– BorgWarner announced that Hau Thai-Tang has been named to its board of directors. Said Alexis P. Michas, non-executive board chair of the company: “Hau’s extensive industry experience and his …
State aid OK’d for BorgWarner project in Cadillac
AUBURN HILLS—BorgWarner Thermal Systems, a unit of the Auburn Hills transportation supplier BorgWarner, has been awarded a $225,000 Michigan Business Development Program performance-based grant from the Michigan Economic Development Corp. …
BorgWarner, MTU, others to collaborate on connected vehicles
HOUGHTON—Michigan Technological University, BorgWarner, and other industry partners will collaborate on a 27-month, $1.99 million research project funded by the U.S. Department of Energy to reduce energy consumption through connected …
Michigan Tech Boosts Engine Research For Auto Industry
HOUGHTON — The auto industry tends to be fiercely competitive. So what would bring multiple companies together on research projects? How about the chance to direct the nature of the …
BorgWarner Completes Acquisition Of Remy International
AUBURN HILLS — The Auburn Hills-based powertrain supplier BorgWarner Inc. said Wednesday it had finalized its acquisition of Remy International Inc., a manufacturer of rotating electrical components such as alternators, …