This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BorgWarner Opens New Campus In Brazil

Stocks in this article: BWA

AUBURN HILLS, Mich., April 16, 2013 /PRNewswire/ -- BorgWarner officially opened its new production facility and engineering center in Itatiba City, Brazil, on April 9, 2013. The new campus will produce several environmentally friendly technologies for passenger cars and commercial vehicles such as turbochargers, viscous fans and fan drives, engine timing systems and emissions technologies. At 204,500 square feet (19,000 square meters), BorgWarner's new facilities are located 80 km northwest of Sao Paulo and are twice as big as its former facility in Campinas.

(Photo: )

"With our new production facility and engineering center in Itatiba City, we are laying the foundation for expanding our excellent position as a leading supplier of advanced powertrain technologies in the rapidly growing South American market," said James Verrier, President and Chief Executive Officer, BorgWarner. "New legislation is driving automakers to improve fuel economy and reduce emissions. Consumers are demanding performance and enhanced drivability. BorgWarner's advanced technologies satisfy all of these needs with local production and engineering capabilities."

Driven by growing demand for BorgWarner's fuel-efficient technologies, the new campus was built in only 18 months. Relocation of production capacity from Campinas to Itatiba City took place without any interruption in operations. Itatiba City generates great interest with multinational companies because of its strategic location close to major development regions and the capital of the federal state, Sao Paolo. With a total area of nearly 100,000 square meters, the environmentally friendly campus offers additional space for future expansion and is expected to receive LEED (Leadership in Energy and Environmental Design) certification soon. In addition, the new campus includes an engineering center with four engine test stands for developing and introducing new technologies to provide local customers with the latest powertrain technologies.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs