BorgWarner

BorgWarner

BorgWarner was incorporated in 1928 but traces its roots to the Morse Equalizing Spring Company founded in 1880. The modern company emerged from a 1987 restructuring of the original Borg-Warner Corporation, which had been a diversified industrial conglomerate. Today it is a pure-play automotive supplier with headquarters in Auburn Hills, Michigan, and a second major office in nearby Southfield. BorgWarner's strategy revolves around two operating segments. Air Management produces turbochargers, EGR systems, and thermal products for combustion and hybrid powertrains. e-Propulsion & Drivetrain manufactures electric motors, inverters, battery packs, and power electronics — the product lines central to the company's 'Charging Forward' electrification plan. The company targets achieving 25% of revenue from electric vehicle products by 2025 and 45% by 2030 (per BorgWarner Investor Day, March 2023). It supplies nearly every major global automaker, including Ford, General Motors, Stellantis, Volkswagen, and BMW. BorgWarner employs approximately 52,000 people worldwide across 92 manufacturing and engineering facilities in 22 countries. The company generated $14.2 billion in revenue in 2024 (per BorgWarner annual report, February 2025). In October 2024, BorgWarner acquired Eldor Corporation's electric vehicle high-power electronics business for approximately $95 million, expanding its IGBT and silicon carbide power module capabilities (per BorgWarner press release, October 2024). The company's structural differentiator is its dual-path strategy of simultaneously serving the legacy combustion market while building a complete electric-vehicle supply chain — a balance few Tier 1 suppliers have managed without spinning off one side. BorgWarner remains a publicly traded corporation, not a family office, and its capital deployment is governed by the board and disclosed quarterly through SEC filings.