BorgWarner to spin-off Fuel Systems and Aftermarket business into separate company
The move will allow the newly formed company to pursue growth opportunities in alternative fuels, such as hydrogen, and in the aftermarket
Michigan-based global supplier of powertrain technologies, BorgWarner, has announced its intention to execute a tax-free spin-off of its fuel systems and aftermarket segments into a separate, publicly traded company (“NewCo”), according to a press release dated 6 December.
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