Building Momentum in the Second Quarter
BorgWarner reported strong results for the second quarter, as revenue rose nearly 28% on a GAAP basis and surpassed the average analyst estimate (and came very close to the top of the range). Organic growth was a still-solid 15%. Engine components are the majority of the business at BorgWarner and sales rose 28%. Sales of drivetrain products rose a very similar 29%. Those numbers are quite solid in their own right, but even more so considering that global vehicle production fell about 2% in the period.
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