Analysis: BorgWarner spins off fuel systems, aftermarket businesses to sharpen EV focus

BorgWarner’s acquisition of Delphi Technologies, ‘Charging Forward’ strategy and the pandemic-induced accelerated transition to EVs explain the rationale behind the global auto component supplier’s decision to spin-off fuel systems and the aftermarket businesses into a separate company

In an attempt to sharpen its focus on electric vehicle (EV) technologies while accelerating growth under the “Charging Forward” strategy, the Michigan-based automotive component supplier BorgWarner Inc. said on 6 December 2022 that it plans to spin off its fuel systems and aftermarket businesses into a separate, publicly traded company (NewCo).