BorgWarner Reports Full Year 2022 Results Ahead of Guidance, Expects 2023 Electric Vehicle Sales of $1.5 Billion to $1.8 Billion

BorgWarner Inc. (NYSE: BWA) today reported 2022 fourth quarter and full-year results. Charging Forward Update:Based on new business awards and actions announced to date, BorgWarner believes it is already on track to achieve approximately $4.3 billion of electric vehicle sales by 2025. The Company also expects its 2023 electric vehicle sales to grow to $1.5 billion to $1.8 billion, up significantly from $870 million in 2022.In December, BorgWarner announced its intention to execute a tax-free spi(…..) Continue reading »