May 7 (Reuters) - BorgWarner Inc ::BORGWARNER INC - AGREES TO FORM JOINT VENTURE WITH ROMEO POWER TECHNOLOGY.BORGWARNER INC - NEW JOINT VENTURE WILL BE SPLIT 60/40 WITH BORGWARNER OBTAINING LARGER SHARE..BORGWARNER INC - WILL ALSO TAKE A 20 PERCENT EQUITY POSITION IN ROMEO POWER TECHNOLOGY AND WILL FILL TWO SEATS ON ITS BOARD.BORGWARNER INC - EQUITY INVESTMENT AND JOINT VENTURE ARE EXPECTED TO CLOSE IN Q2 OF 2019.BORGWARNER INC - JOINT VENTURE WILL ENCOMPASS MOBILITY PORTION OF BATTERY PACK BUSINESS, INITIALLY FOCUSED ON PERFORMANCE AND LIGHT VEHICLES.
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Feb 14 (Reuters) - BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.
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Jan 4 (Reuters) - BorgWarner Inc ::PRESS RELEASE - BORGWARNER AGREES TO SELL THERMOSTAT BUSINESS TO ARLINGTON INDUSTRIES GROUP.BORGWARNER INC - PURCHASE PRICE OF TRANSACTION IS APPROXIMATELY EUR 24 MILLION.BORGWARNER INC - COMPANY WILL INCUR A BOOK LOSS ON SALE OF APPROXIMATELY $20-30 MILLION..BORGWARNER INC - FULL YEAR SALES OF THERMOSTAT BUSINESS FOR 2018 ARE EXPECTED TO BE ABOUT EUR 110 MILLION.BORGWARNER INC - TRANSACTION IS LIMITED TO THERMOSTAT BUSINESS ONLY AND DOES NOT AFFECT OTHER BORGWARNER PRODUCTS OR TECHNOLOGIES.
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BorgWarner Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.17PER SHARE.
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July 26 (Reuters) - BorgWarner Inc ::BORGWARNER REPORTS SECOND QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.30 PER DILUTED SHARE, OR $1.18 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q2 EARNINGS PER SHARE $1.18 EXCLUDING ITEMS.Q2 GAAP EARNINGS PER SHARE $1.30.Q2 SALES $2.694 BILLION VERSUS I/B/E/S VIEW $2.72 BILLION.Q2 EARNINGS PER SHARE VIEW $1.10 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 EARNINGS PER SHARE $1.03 TO $1.06.SEES FY 2018 SALES $10.64 BILLION TO $10.75 BILLION.INCREASED ITS 2018 FULL YEAR ORGANIC GROWTH GUIDANCE..SEES FULL YEAR ORGANIC SALES GROWTH OF APPROXIMATELY 6.0% TO 7.0%.Q3 NET EARNINGS ARE EXPECTED TO BE WITHIN A RANGE OF $1.03 TO $1.06 PER DILUTED SHARE.BORGWARNER - FOREIGN CURRENCIES ARE EXPECTED TO INCREASE SALES BY $220 MILLION, DUE TO APPRECIATION OF EURO AND CHINESE YUAN IN 2018.BORGWARNER - SEES FULL YEAR 2018 NET EARNINGS ARE NOW EXPECTED TO BE WITHIN A RANGE OF $4.45 TO $4.50 PER DILUTED SHARE.Q3 EARNINGS PER SHARE VIEW $1.05, REVENUE VIEW $2.64 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $4.38, REVENUE VIEW $10.89 BILLION -- THOMSON REUTERS I/B/E/S.
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Feb 8 (Reuters) - Borgwarner Inc ::BORGWARNER REPORTS FOURTH QUARTER 2017 U.S. GAAP NET LOSS OF $(0.70) PER BASIC SHARE, OR EARNINGS OF $1.07 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS.Q4 SALES ROSE 14.5 PERCENT TO $2.586 BILLION.Q4 EARNINGS PER SHARE $1.07 EXCLUDING ITEMS.SEES FY 2018 SALES $10.52 BILLION TO $10.69 BILLION.Q4 GAAP LOSS PER SHARE $0.70.Q4 EARNINGS PER SHARE VIEW $1.01, REVENUE VIEW $2.52 BILLION -- THOMSON REUTERS I/B/E/S.MAINTAINS FULL YEAR ORGANIC GROWTH AND MARGIN GUIDANCE RANGE.FY2018 REVENUE VIEW $10.53 BILLION -- THOMSON REUTERS I/B/E/S.COMPANY HAS REAFFIRMED ITS 2018 Q1 ORGANIC GROWTH GUIDANCE.BORGWARNER SAYS RECOGNIZED INCOME TAX EXPENSE OF $273.5 MILLION IN YEAR ENDED DEC 31, 2017.FOREIGN CURRENCIES ARE EXPECTED TO INCREASE 2018 SALES BY $170 MILLION.SEES FY 2018 NET EARNINGS TO BE WITHIN A RANGE OF $4.25 TO $4.35 PER DILUTED SHARE.FOREIGN CURRENCIES ARE EXPECTED TO INCREASE Q1 2018 SALES BY $100 MILLION.SEES Q1 2018 NET EARNINGS TO BE WITHIN A RANGE OF $0.99 TO $1.03 PER DILUTED SHARE.FY2018 EARNINGS PER SHARE VIEW $4.32 -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $1.05 -- THOMSON REUTERS I/B/E/S.
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Nov 9 (Reuters) - Borgwarner Inc :Borgwarner Inc says board declared a 21% increase in quarterly cash dividend to $0.17 per share of common stock.
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Oct 26 (Reuters) - Borgwarner Inc :Borgwarner reports third quarter 2017 U.S. GAAP net earnings of $0.88 per diluted share, or $0.95 per diluted share excluding non-comparable items.Q3 earnings per share $0.95 excluding items.Q3 gaap earnings per share $0.88.Q3 sales $2.416 billion versus I/B/E/S view $2.26 billion.Q3 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.Sees Q4 2017 earnings per share $0.99 to $1.01.Borgwarner Inc sees full year 2017 net sales expected to be $9.67 billion - $9.70 billion.Says for Q4 2017, foreign currencies are expected to increase sales by approximately $85 million.Borgwarner Inc - sees full year 2017 net earnings to be within a range of $3.81 to $3.83 per diluted share.
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Sept 22 (Reuters) - Sevcon Inc :Sevcon stockholders approve acquisition by Borgwarner.Sevcon Inc - Holders of more than 99% of Sevcon's common stock present at meeting voted in favor of approving and adopting merger.Sevcon Inc - Closing of acquisition with Borgwarner is expected to occur on or about September 27, 2017.
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Aug 24 (Reuters) - Borgwarner Inc :Sevcon Inc - On Aug 22, Louis Scarantino filed purported stockholder class action lawsuit against co,directors,Borgwarner, and one of its unit in court.Sevcon- Plaintiff alleges co's prelim proxy statement filed on Aug 8 omits/ misrepresents material info regarding some financial data.Sevcon- Plaintiff also alleges prelim proxy statement omits/ misrepresents material info regarding some analyses underlying Rothschild Inc's opinion.
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