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BorgWarner Inc. (NYSE: BWA) Sees Strong Financial Performance and Positive Analyst Outlook
Financial Modeling Prep· 2026-02-12 17:06
Core Insights - BorgWarner Inc. is a leader in providing innovative and sustainable mobility solutions for the automotive industry, specializing in powertrain products such as turbochargers, transmissions, and electric vehicle components [1] - Deutsche Bank has set a price target of $82 for BorgWarner, indicating a potential upside of 24.05% from its current trading price of $66.10 [1][5] Financial Performance - BorgWarner's quarterly earnings per share (EPS) was $1.35, exceeding analysts' expectations of $1.16 by $0.19 [2][5] - The company's revenue for the quarter was $3.57 billion, surpassing analyst estimates of $3.49 billion, representing a 3.9% increase compared to the same quarter last year [3][5] - The company has a net margin of 0.94% and a return on equity of 16.72% [3][5] - Fiscal year 2026 guidance is set at an EPS range of 5.00 to 5.20, indicating confidence in future growth [3][5] Stock Performance - The stock price increased to $66.10, marking a 22.45% increase from previous levels, with a change of $12.12 [4] - The stock has fluctuated between a low of $54.35 and a high of $68.82 over the past year, with the lowest price being $24.40 [4] - BorgWarner's market capitalization is approximately $14.3 billion, with a trading volume of 13,259,647 shares on the NYSE [4]
BorgWarner Set to Deliver Power-Packed Integrated Drive Module and Generator Module with Dual Inverter to Major North American OEM
Prnewswire· 2026-02-11 13:00
Core Insights - BorgWarner has secured a contract with a major North American OEM to provide an 800-volt secondary integrated drive module (iDM) and a generator module with a dual inverter for range extended electric vehicle (REEV) trucks and SUVs, with production set to begin in 2029 [1][2] Group 1: Product Details - The 800-volt iDM is a scalable, two-in-one drive module that includes a fully integrated induction e-machine and gearbox for hybrid or electric vehicle applications [1] - The generator module features a permanent magnet electric machine and a dual inverter mounted directly to an internal combustion engine (ICE), enhancing the vehicle's range [1] - The design of the iDM utilizes a highly efficient and torque-dense induction electric machine, eliminating the need for permanent magnets, which supports a resilient supply chain [1][2] Group 2: Company Milestones and Strategy - This contract represents a significant business win for BorgWarner, showcasing its innovative design and manufacturing capabilities in the propulsion space [1] - The introduction of the next-generation Viper power module is a key milestone for the company, contributing to a compact and cost-effective design with optimized system efficiency [1][2] - BorgWarner emphasizes its commitment to sustainability and innovation, aiming to build a cleaner and safer future through its mobility solutions [1][2]
When Technology and Passion Come Together: BYD Becomes an Official Partner of Manchester City Football Club
Globenewswire· 2026-02-11 12:44
Core Insights - BYD has announced a strategic partnership to become the Official Automotive Partner of Manchester City Football Club, marking a significant collaboration between a global technology company and a renowned football brand [1][2] Partnership Details - The partnership includes supplying BYD and DENZA vehicles to Manchester City, as well as providing new-energy expertise through vehicle charging and energy-storage batteries at the City Football Academy [3][12] - BYD's branding will be featured on the training-kit sleeve of both the men's and women's first teams, and the brand will have a presence at the Etihad Stadium [4][12] Strategic Goals - This partnership is part of BYD's strategy to enhance brand awareness in international football, following previous sponsorships of major football events like UEFA EURO 2024 [5] - BYD aims to inspire a more sustainable future through this collaboration, aligning its values of excellence and innovation with those of Manchester City [6][7] Company Background - BYD, founded over 30 years ago, has established itself as a leader in New Energy Vehicles (NEVs), achieving record sales and a presence in over 110 countries [8][9] - In 2025, BYD sold 4.6 million vehicles globally, with over a million sold outside of China, and has a strong focus on innovation with 120,000 engineers and an average of 45 new patent applications daily [9]
Toyota Brings Glow Up Classic to Super Bowl LX, Investing in the Future of Girls in Flag
Prnewswire· 2026-01-30 15:00
Super Bowl LX marks the apex of Toyota's "All In. All Season." campaign, which delivers community impact through regional and national NFL FLAG support, with more than 300,000 players supported by Toyota dealers nationwide in local league play. Fans also had the chance to win weekly prizes, including a first-ever opportunity to score Brock Purdy's favorite Toyota Sequoia Capstone. Toyota Brings the Vehicle Lineup including the all-new RAV4 and bZ to Super Bowl LX with Live Content and Unforgettable Experien ...
TAILG Technology Co., Ltd.(H0391) - Application Proof (1st submission)
2026-01-29 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of TAILG Technology Co., Ltd. 台鈴科技股份有限公司 (the "Company") IMPORTANT: If you are in any doubt about any of the contents ...
Aramis Group - 2026 first-quarter activity
Globenewswire· 2026-01-27 16:45
Core Insights - Aramis Group's first-quarter performance for fiscal year 2026 aligns with expectations despite a challenging market environment, confirming the strength of its business model and value proposition [2][6][12] - The company has reaffirmed its financial targets for 2026, aiming for at least 115,000 total B2C vehicle sales and a minimum of €55 million in adjusted EBITDA [6][22] Revenue Overview - Total revenues for Q1 2026 amounted to €550.4 million, a decrease of 4.8% compared to Q1 2025 [6][7] - B2C vehicle volumes decreased by 5.6%, reflecting heterogeneous trends across different countries, while the overall market declined by 6% [6][12] - France outperformed the market by 12 points, with revenues increasing by 6.6% to €264.9 million, driven by a 4.4% increase in total volumes [8][15] Segment Performance - B2C segment revenues reached €486.4 million, down 5.1% year-over-year, primarily due to a volume effect of -5.6% [9] - Refurbished cars revenue was €343.1 million, down 11.1%, attributed to a volume effect of -9.3% and a price effect of -1.8% [10] - Pre-registered cars revenue increased by 13.6% to €143.3 million, with a volume effect of +7.5% and a price effect of +6.0% [11] Country-Specific Analysis - In Belgium, revenues decreased by 6.3% to €73.7 million, with a volume decline of 7.7% due to temporary supply issues [16] - Spain's revenues remained stable at €77.4 million, with a volume growth of 2.8%, outperforming a market decline of 2.9% [17] - The United Kingdom saw revenues drop by 23.0% to €90.5 million, with a volume decrease of 20.3%, as part of a strategic focus on profitability [18] - Austria's revenues fell by 28.5% to €35.1 million, with a significant volume decline of 35.4% [19] - Italy experienced strong growth, with volumes up 34.9%, confirming the effectiveness of recent management and strategy adjustments [20] Strategic Outlook - The company is committed to laying the foundations for sustainable growth, acknowledging that the current transition year may temporarily affect volumes [22] - Aramis Group continues to focus on enhancing its service offerings across all markets, aligning with its long-term strategy [14]
KIA ANNOUNCES PRICING FOR 2026 NIRO EV
Prnewswire· 2026-01-26 14:00
IRVINE, Calif., Jan. 26, 2026 /PRNewswire/ -- Kia America has announced pricing on the 2026 Niro EV, a fully electric compact crossover that delivers modern design, tech-savvy performance, and everyday functionality. With a blend of real-world range, advanced driver assistance systems, and thoughtful interior features, the Niro EV continues to redefine what drivers can expect from an accessible electric vehicle. Continue Reading Kia America has announced pricing on the 2026 Niro EV Available in two feature- ...
ALSTOM S.A: In Germany, Alstom to supply 26 additional Coradia Max trains for Baden-Württemberg
Globenewswire· 2026-01-15 07:30
Core Insights - Alstom has signed a contract worth approximately 500 million euros for the delivery of 26 additional Coradia Max double-decker trains to Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW), including a long-term maintenance agreement until 2055 [1][8] - This order is part of a larger agreement made in May 2022, which included an option for up to 100 additional trains as part of a major order for 130 Coradia Max trains [2] - The state of Baden-Württemberg is investing around 3 billion euros in a total of 156 Coradia Max trains to enhance regional transport capacity and comfort [3] Contract Details - The contract includes the delivery of 26 trains scheduled from mid to late 2028, with phased introduction starting in December 2026 [1][4] - The long-term maintenance contract will ensure reliable operation of the trains for nearly 30 years [8] Train Specifications - The Coradia Max trains will have a top speed of 200 km/h, featuring a four-car configuration with a total of 380 seats [5][7] - The trains are designed for passenger comfort, equipped with air conditioning, free Wi-Fi, charging facilities, and barrier-free access for travelers with mobility impairments [6][7] Regional Impact - The introduction of these trains aims to improve local and regional transport services, particularly in light of increased passenger demand and the upcoming Stuttgart 21 railway hub [3][4] - The trains will operate on various Regionalexpress and Metropolexpress lines, enhancing connectivity in the region [4] Company Position - Alstom is recognized as a market leader in rail services, maintaining over 36,000 vehicles worldwide and offering tailored maintenance solutions [8][9] - The Coradia Max trains are part of Alstom's commitment to sustainable and climate-friendly mobility in rail transport [3][8]
NFI Group Amends Agreement with Coliseum Capital Management
Globenewswire· 2025-12-19 12:00
Core Viewpoint - NFI Group Inc. has amended its Investment Agreement with Coliseum Capital Management, allowing Coliseum to increase its ownership stake in NFI up to 25% from the previous 20% [1][2] Group 1: Investment Agreement Details - The Amended Agreement grants Coliseum the flexibility to raise its total ownership to a maximum of 25% of NFI's issued and outstanding common shares, with the flexibility expiring no later than December 31, 2026 [2] - Coliseum currently owns approximately 19.9% of NFI's shares, equating to 23,742,937 shares [2] - NFI will not issue new shares or receive proceeds from any increase in Coliseum's investment, as purchases will be made from existing shareholders [2] Group 2: Voting and Support - Coliseum has agreed to vote any additional shares purchased above its current holdings in favor of management and Board recommendations, and against any other matters [3] - NFI's Board and management express appreciation for Coliseum's long-term partnership and support in driving shareholder value [4] Group 3: Company Overview - NFI is a leader in bus and coach mobility solutions, offering a range of propulsion-agnostic platforms, including electric models [5] - The company employs over 9,000 team members across ten countries and supports an installed base of over 100,000 buses and coaches globally [6] - NFI's common shares trade on the Toronto Stock Exchange under the symbol NFI, and its convertible unsecured debentures trade under the symbol NFI.DB [6]
Allego partners with HOFER and Enertec to deploy one of Slovenia's largest fast-charging networks
Globenewswire· 2025-12-17 13:38
Core Insights - Allego is expanding into Slovenia through a partnership with HOFER, supported by Enertec, to install fast-charging stations at HOFER locations across the country [1][3][4] Group 1: Market Context - Slovenia is witnessing a shift towards alternative-propulsion vehicles, with hybrids making up 26% and fully electric vehicles 6% of newly registered passenger cars in 2024 [2] - The increasing adoption of electric vehicles necessitates accessible and high-quality charging infrastructure [2] Group 2: Partnership Details - The collaboration involves HOFER's retail presence, Allego's operational experience as a leading charge point operator, and Enertec's engineering support [3][5] - The partnership aims to create a scalable network for both everyday and long-distance electric vehicle charging [3] Group 3: Charging Infrastructure - Fast-charging stations of up to 400 kW will be available at HOFER locations, allowing significant charging during shopping trips [5] - The network will be one of Slovenia's most comprehensive, serving both HOFER customers and the general public [5] Group 4: User Experience - Allego will offer multiple payment options, including contactless payments starting December 2025, and will introduce Slovenian-language customer support next year [6][7] - The network is designed to support the growing adoption of electric vehicles while ensuring long-term quality and reliability [6] Group 5: Company Background - Allego operates over 35,000 charging points across 16 European countries, focusing on reliable charging solutions for electric vehicles [8] - HOFER is a leading retail chain in Slovenia, committed to sustainability and investing in greener initiatives [8] - Enertec specializes in solar energy solutions and eMobility infrastructure, providing essential engineering and project management for the charging network [9]