Investopedia: BorgWarner - Patience May Not Be Futile
With European vehicle production softening and any company with
substantial European business facing significant currency headwinds, the
question going into BorgWarner's (NYSE:BWA)
second quarter seemed to be just how bad things would be. While
BorgWarner did disappoint (the second miss in a row) and lower guidance,
this remains an interesting growth story within a very mature industry,
and one that investors may want to follow a little more closely.