USA: BorgWarner earnings down, but top analyst estimates
BorgWarner has reported net earnings heavily down in the fourth quarter of 2001, but the performance was generally held by analysts to be a little better than expected. In a statement the company said that the full year results were 'bolstered by the company's broad customer base, geographic growth and key technologies for more efficient engines and transmissions, which helped offset industry instability and production declines'.
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