BorgWarner Unveils Next Steps In Electrification Strategy
Portfolio Pulse from Shivani Kumaresan
BorgWarner Inc (NYSE:BWA) announced the next phase of its 'Charging Forward' strategy, aiming to achieve $10 billion in eProducts sales by 2027, making up nearly 50% of its total sales. The company seeks to deliver 7% margins and positive free cash flow in its eProduct portfolio by 2027.
June 06, 2023 | 2:12 pm
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BorgWarner's 'Charging Forward' strategy aims for $10 billion in eProducts sales by 2027, making up nearly 50% of total sales. The company seeks 7% margins and positive free cash flow in its eProduct portfolio by 2027.
BorgWarner's announcement of the next phase in its electrification strategy is a positive development for the company. The ambitious target of $10 billion in eProducts sales by 2027, making up nearly 50% of total sales, indicates a strong commitment to the growing electric vehicle market. This could lead to increased investor interest and a potential short-term positive impact on the stock price.
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