HYMTF Hyundai Motor Co Ltd (PK)

BorgWarner Inc. (BWA) recently unveiled a powerful and efficient regulated two-stage (R2S) turbocharging system in North America that meets the Fiat Powertrain Technologies’ (FPT) specific requirements while achieving the engine's optimum power output of 120 kW and 400 Nm of torque for the said market. The R2S system comprises a K03 high-pressure turbocharger and a B2 low-pressure turbocharger.

After dominating the European and the Asian market for almost two years, the system was recently launched in North America.  A renowned commercial vehicle manufacturer from Asia has already started offering the fuel-efficient engine for its next-generation medium-duty trucks in the U.S. and Canada. The company also plans to expand the offering across 40 countries worldwide by the end of 2012.

BorgWarner's R2S technology is designed specifically to comply with EPA 2010 emissions standards while improving performance and enhancing fuel economy. Moreover, an optimized sealing of the entire system minimizes blow-by and oil leakage, thereby improving reliability. BorgWarner's proven technology generates high torque even at low engine speeds and ensures maximum performance at high engine speeds.

BorgWarner is considered as the leading manufacturer of powertrain products for the world's major automakers, including Ford Motor Co. (F), Toyota Motor Corp. (TM), Nissan Motor Co. Ltd (NSANY), General Motors Company (GM), Hyundai Motor Co. (HYMTF), Daimler AG (DDAIF), Chrysler, Fiat, BMW and Honda Motor Co. Ltd (HMC).

The company possesses vast experience in the field of turbocharging systems, serving numerous customers in 18 countries around the world. The company’s engine segment comprises turbochargers, chains, and emission and thermal systems, which together generate more than 70% of its total revenue. 

During the first quarter of 2011, BorgWarner posted a record 59% year-over-year EPS growth mainly driven by increased demand for the company’s advanced powertrain technology. EPS for the quarter was $1.00 compared with 63 cents a year ago. Sales also improved significantly to $1.73 billion during the quarter from $1.29 billion in the corresponding period of 2010.

The company recently acquired Haldex Traction Systems, with an objective of expanding its business in the global all-wheel drive market. The company has raised its revenue growth guidance for full-year 2011 to 19%–23% from its prior guidance of 16%-20%. However, BorgWarner reiterated its 2011 earnings guidance range of $3.85 to $4.15 per share as acquisition related cost may offset the company’s operating income.

 
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