BorgWarner issues date for division spin off

Julian Buckley International Editor, Power Progress

20 June 2023

Following on from the 2022 announcement that it would spin off its Fuel Systems and Aftermarket businesses (now known collectively as Phinia), BorgWarner has reported that it is expecting the move to be completed on July 3, 2023.

The new company will be listed on the New York Stock Exchange…

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