BorgWarner said it expects to complete the planned spinoff of its aftermarket and fuel parts business into Phinia by July 3. The transaction is part of an overarching strategy to prepare for an electrified future.
Operator: Good morning. My name is Britney, and I will be your conference facilitator. At this time, I would like to welcome everyone to the BorgWarner 2023 First Quarter Results Conference Call.
Parts supplier BorgWarner Inc. on Tuesday named two longtime executives to serve as CEO and CFO of the proposed spinoff of its fuel parts and aftermarket business, which will be known as Phinia Inc.
Brady Ericson, the president of BorgWarner's fuel systems and aftermarket business since March,…