BorgWarner Shares Turbocharged
NEW YORK (
) -- Shares of powertrain components supplier
BorgWarner
(BWA) - Get Report
are popping as the company announces the release of new turbocharger products.
The new products come on line as BorgWarner's management expresses optimism about global light vehicle demand for turbochargers.
According to Morningstar, BorgWarner management predicts that the demand for diesel turbochargers will increase 35% by 2015 and gas turbocharger demand will increase 100% by 2015.
BorgWarner's new line of turbochargers for gas and diesel engines cater to aftermarket customers such as tuners, racers and race teams.
The company said these "advanced" products also help boost fuel economy.
Shares of BorgWarner are popping by 3.5% to $65.49 in morning trading.
In 2010, BorgWarner won a contract to supply turbochargers on every
Ford
(F) - Get Report
four-cylinder EcoBoost engine around the world, says Morningstar.
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-- Written by Andrea Tse in New York.
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