Friday, November 6, 2015

BorgWarner Reduces Guidance, Again

For the third quarter in a row, engine and powertrain company BorgWarner (NYSE:BWA) disappointed the market by reducing its full-year revenue and earnings guidance. Once again, currency effects played a part, but clearly weakness in China and commercial vehicle production in parts of the world is also hurting the company. It was an interesting report in terms of observing trends in auto production. In addition, management took the time to explain BorgWarner's exposure to the Volkswagen (NASDAQOTH:VLKAY) emissions debacle. Let's take a closer look.


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