$BWA

BorgWarner announced the pricing terms for its cash tender offers for certain senior notes, according to the company. The release outlines the offer details and related terms for noteholders. The update matters for investors tracking BorgWarner’s capital structure and potential debt reduction or refinancing.

BorgWarner (BWA) launched cash tender offers for its senior notes, offering up to $720 million for debt repurchases and planned redemptions, alongside capital allocation that includes higher Q2 earnings, electrified systems program wins, and an expanded share buyback authorization. Simply Wall St cites a fair value of $76.87 vs $69.68 and a 34.2x P/E.

BorgWarner (BWA) Q2 2026 earnings call transcript says adjusted margins rose 100 bps and EPS grew 17% in a flat sales year, citing cost controls. The company reported 7 new business awards, $134 million returned to shareholders via buybacks and dividends, and a $1 billion increase to its repurchase authorization to $1.35 billion. It also updated data center and industrial readiness milestones.

BorgWarner says it has extended multiple high-volume high-voltage inverter programs with a European OEM, covering updated designs for plug-in hybrid and 800V battery-electric vehicles. The company will use its ASIC technology for PHEVs and a new Viper SiC-based traction inverter with dual-sided cooling for BEVs. Start of production is planned for 2029, per a media release.

BorgWarner secured program extensions with a major European automaker to supply next-gen high-voltage traction inverters for plug-in hybrids and 800V BEVs, with production starting in 2029. ChargePoint and Mercedes-Benz expanded a UK and Germany fleet charging partnership using ChargePoint cloud software. PowerFlex acquired The Mobility House North America. BTC Power surveyed 200+ decision-makers on EV charging spending.

BorgWarner (NYSE:BWA) said it won new variable cam timing system contracts in Europe and China, including a conquest award, and that the wins expand positions with existing customers and replace a competitor on a China program. It also received awards for high voltage inverters and integrated drive modules for hybrid and EV platforms, which it said add to backlog.

BorgWarner said it won new variable cam timing (VCT) programme awards for its center-bolt Cam Torque Actuated (CTA) system. In Europe, it received a life extension and a “significant” volume increase for a premium carmaker’s V6 engine family, starting Jan 2027. In China, it won a conquest award for a 1.5L turbo petrol engine family, replacing the prior supplier, with production starting Sept 2026.

BorgWarner reported Q2 2026 adjusted margin expansion of 100 bps despite flat sales, citing cost controls and operational efficiency. The company said EPS rose 17% on improved operating income and about $650m in share repurchases over four quarters. It expects 2027 turbine generator revenue of $300m and 2 GW capacity, plus battery systems production readiness by 2027, with guidance including a 170 bps battery headwind.

MAHLE said its Montblanc, Spain plant began series production of EV battery cooling plates, targeting up to 15,000 units per week after an investment, with 750 employees. The company cited e-coating for corrosion protection and plans workforce training with local officials. Separate items include board appointments at BorgWarner and Valvoline, a finance promotion at AutoZone, and Dutch Auto Auctions launching a collector-car reverse-auction marketplace.

Morgan Stanley raised its price target for BorgWarner to $71 from $67 and kept an Equalweight rating, according to the note cited in the article. The update follows a reference to BorgWarner’s equity buyback plan tranche update announced May 2, 2024.