BorgWarner expects near-term fuel-economy investments to continue
Expects continued growth for motors and transmission components for hybrids and EVs, as well as continued demand for turbochargers.
BorgWarner CEO James Verrier told media at an event on 11 November that automakers are unlikely to pull back from alternative powertrain development over the next three to five years. "I don't think the automakers will back off. I don't think we'll see a regression," he is quoted as saying about automakers' investments into developing electric vehicles (EVs), upgraded powertrains, and reducing weight to address CAFE standards. But he acknowledged the political situation may have a longer-term impact on CAFE prospects. "Is 54.5 mpg gone forever? Or are we just going to push [implementation] farther into the future? It's very early. We'll have to wait and see," Verrier reportedly said.