BorgWarner To Form Joint Venture With Shaanxi Fast Auto Drive Group

RTTNews | 994 hari yang lalu
BorgWarner To Form Joint Venture With Shaanxi Fast Auto Drive Group

(RTTNews) - Borg Warner Inc. (BWA) announced Wednesday it agreed to form a joint venture with Shaanxi Fast Auto Drive Group, a China-based market-leading commercial vehicle (CV) parts supplier specializing in transmission and drivetrain systems.

The move comes as BorgWarner continues to expand its product portfolio for battery electric and hybrid commercial vehicles.

The JV work on a high-voltage inverter application for high efficiency vehicles such as heavy-duty trucks and off-road vehicles, to support BorgWarner's business growth for power electronics in the electrified commercial vehicle market.

Subject to regulatory approval, BorgWarner expects to establish the joint venture in the first quarter of 2024.

The joint-venture will bringing together BorgWarner's cutting-edge technology, customer intimacy, and deep electrification expertise with Shaanxi Fast Auto Drive Group's commercial vehicle expertise and customer relationships.

baca selengkapnya
BorgWarner Boosts FY24 Earnings, Trims Sales Outlook - Update

BorgWarner Boosts FY24 Earnings, Trims Sales Outlook - Update

While reporting financial results for the second quarter on Tuesday, technology solutions provider BorgWarner Inc. (BWA) raised its earnings and adjusted earnings for the full-year 2024, while trimming annual net sales outlook.
RTTNews | 791 hari yang lalu
German Inflation Highest Since December 2023

German Inflation Highest Since December 2023

Germany's consumer price inflation accelerated for a third month in September to reach its highest level in nearly three years on the back of a surge in energy prices, yet the European Central Bank is likely to seek more evidence to establish second-round effects of the fuel price shock on the real economy before raising interest rates again.
RTTNews | 1 jam 28 menit yang lalu
Canadian Market Headed For Another Weak Close

Canadian Market Headed For Another Weak Close

After opening marginally higher and advancing a bit further, the Canadian market turned weak on Wednesday as investors stayed cautious amid uncertainty about U.S. and Iran reaching a peace deal.
RTTNews | 2 jam 57 menit yang lalu
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland stock market pared early gains and closed on a negative note on Wednesday as weak investor sentiment data and higher oil prices weighed.
RTTNews | 3 jam 38 menit yang lalu
European Markets Close Weak On Higher Oil Prices, U.S.-Iran Deal Uncertainty

European Markets Close Weak On Higher Oil Prices, U.S.-Iran Deal Uncertainty

European stocks fell on Wednesday, hurt by higher bond yields and rising oil prices amid lingering uncertainty about Iran and the U.S. reaching a deal to end their conflict and pave the way for the reopening of the Strait of Hormuz. Some weak economic data from the region - UK GDP report being an exception - weighed as well on sentiment.
RTTNews | 4 jam 6 menit yang lalu
Chicago Business Barometer Surges Back Into Expansionary Territory In September

Chicago Business Barometer Surges Back Into Expansionary Territory In September

A report released by MNI Indicators on Wednesday showed a substantial rebound by its reading on Chicago-area business activity in the month of September. MNI Indicators said its Chicago business barometer spiked to 58.8 in September from 47.1 in August, with a reading above 50 indicating growth. Economists had expected the index to jump to 51.0.
RTTNews | 7 jam 32 menit yang lalu
U.S. Consumer Prices Rise 0.3% In August, Slightly Less Than Expected

U.S. Consumer Prices Rise 0.3% In August, Slightly Less Than Expected

The Commerce Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose by slightly less than expected in the month of August. The Commerce Department said its personal consumption expenditures (PCE) price index increased by 0.3 percent in August following a revised 0.1 percent uptick in July.
RTTNews | 7 jam 48 menit yang lalu