Borg & Beck
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| Public company | |
| Traded as | : BWA S&P 500 Component |
| Industry | Automotive industry |
| Founded | 1880 (as Morse Equalizing Spring Co.) 1928 (formation of Borg-Warner Corp.) |
| Headquarters | Auburn Hills, Michigan, USA |
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Number of locations
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62, in 17 countries |
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Area served
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Worldwide |
|
Key people
|
James R. Verrier (President and CEO) |
| Products |
Powertrain: Manual transmissions Automatic transmissions, Dual-clutch transmissions |
| Revenue |
 US$8.305 billion (FY 2014)
|
|
US$855.2 million (FY 2013)
|
|
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US$651 million (FY 2013)
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| Total assets |
US$6.917 billion (FY 2013)
|
| Total equity |
US$3.632 billion (FY 2013)
|
|
Number of employees
|
27,000 (2016) |
| Divisions |
BorgWarner Engine Group BorgWarner Drivetrain Group |
| Website | BorgWarner.com |
BorgWarner Inc. is an American worldwide automotive industry components and parts supplier. It is primarily known for its powertrain products, which include manual and automatic transmissions and transmission components, such as electro-hydraulic control components, transmission control units, friction materials, and one-way clutches, turbochargers, engine valve timing system components, along with four-wheel drive system components.
The company has 60 manufacturing facilities across 18 countries, including the U.S., Canada, Europe, and Asia. It provides drivetrain components to all three U.S. automakers, as well as a variety of European and Asianoriginal equipment manufacturer (OEM) customers. BorgWarner has diversified into several automotive-related markets (1999), including ignition interlock technology (ACS Corporation est.1976) for preventing impaired operation of vehicles.
Historically, BorgWarner was also known for its ownership of the Norge appliance company (washers and dryers).
The original Borg-Warner Corporation was formed in 1928 by the merger of Warner Gear, which itself was founded by Thomas Warner in 1901, and Borg & Beck founded by Charles Borg and Marshall Beck in 1903, Marvel Schelber Carburetor Co founded in 1905 by George Schebler and the Mechanics Universal Joint Co. The company was best known as the supplier of Warner Gear overdrive units for cars of the 1930s to the 1970s, and as the developer of Studebaker's three-speed automatic transmission introduced in 1950, along with 'Holley' brand Borg & Beck carburetors. Ford took up development of the transmission in Studebaker's place in 1955. The early Ford automatics are derivatives of the Borg Warner.
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Wikipedia