BorgWarner said on Wednesday it expects $US1.4 billion of net new business for 2005 to the end of 2007, with about 66% coming from engine-related products such as turbochargers.
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New business is expected to provide balanced growth globally, even if auto production is flat, BorgWarner, which also makes timing and emissions products for engines, said, according to Reuters.
The other 34% of net new business is expected to come from modules for transmissions and four-wheel/all-wheel drive systems, Chicago-based BorgWarner reportedly said.
North American growth from Japanese and domestic automakers accounts for about 45% of the new business, it said. Europe, its fastest growing market, accounts for 34%, and Asia about 20 percent, BorgWarner said, according to the report.
BorgWarner expects new sales of about $400 million in 2005, with the rest in 2006 and 2007. Total revenue will depend on production volumes, launch timing and currency exchange rates.
About 40% of 2006 sales are expected to come from the “Big Three” US automakers and the rest from other car and truck makers, BorgWarner told Reuters.
