BorgWarner’s spinoff Phinia says Q2 2023 sales up 11.4% YOY to $887 million

Financial results

The company said its net earnings stood at $35 million with a net margin of 3.9%

Phinia, the spin-off company of the Fuel Systems and Aftermarket segments of Michigan-based powertrain technologies supplier BorgWarner, has reported its second-quarter 2023 results, according to a press release dated August 7.

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