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BorgWarner Incorporated (BWA), with a market cap of $8.2 billion, is a global leader in clean and efficient technology solutions for combustion, hybrid, and electric vehicles. Based in Auburn Hills, Michigan, the company specializes in supplying auto parts such as four-wheel and all-wheel drive transfer cases, automatic transmissions, and timing chain systems, which enhance vehicle performance, efficiency, stability, and air quality.
Shares of BorgWarner have underperformed the broader market considerably over the past year. BWA has declined 23.8% over this time frame, while the broader S&P 500 Index ($SPX) is up 26.2%. In 2024, the stock is up marginally, compared to SPX’s 11.2% return on a YTD basis.