Auburn Hills-based BorgWarner Inc. plans to invest $20.6 million and add 186 jobs in metro Detroit as the automotive supplier accelerates its electric vehicle business.
BorgWarner is looking to set up new EV labs, scale up manufacturing of its DC fast chargers and increase output of battery…
Auburn Hills-based BorgWarner Inc. is planning to expand its U.S. manufacturing footprint to handle its fast-growing electrification business, expected to generate about $4 billion by 2025.That's as the automotive supplier's top and bottom lines stabilize following prolonged volatility in car…
Automotive suppliers are in for a rude awakening, despite hoping for relief, as the financial headwinds endured over the past two years are continuing or worsening.
"I've been in the industry 20 years now, and it's worse than I've seen and it is sustaining," said Nik Endrud, executive vice president for Forvia North America. "There's lot of downstream impacts to the stop-and-go concept on everybody."