BorgWarner spins off fuel systems, aftermarket businesses to sharpen EV focus
BorgWarner’s acquisition of Delphi Technologies, "Charging Forward" strategy, and the pandemic-induced accelerated transition to EVs explain the rationale behind the global auto component supplier’s decision to spin off fuel systems and the aftermarket businesses into a separate company
In an attempt to sharpen its focus on electric vehicle (EV) technologies while accelerating growth under the “Charging Forward” strategy, the Michigan-based automotive component supplier BorgWarner Inc. said on December 6, 2022, that it plans to spin off its fuel systems and aftermarket businesses into a separate, publicly traded company (NewCo).
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