PHINIA eyes future after BorgWarner spin-off
In July, BorgWarner completed the spin-off of its Fuel Systems and Aftermarket segments when PHINIA debuted on the NYSE
31 August 2023
31 August 2023
In July, BorgWarner completed the spin-off of its Fuel Systems and Aftermarket segments when PHINIA debuted on the NYSE
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The automotive sector is undergoing a digital transformation fuelled by changing global supply-chain dynamics, tighter market competition, and rising inflation. AI is a key part of this digital revolution. Focus is directed toward driver assistance features for safety and hazard detection and greater automation of many vehicle processes and functions. Simultaneous localization and mapping (SLAM), facial recognition, and motion tracking will be vital for developing incockpit safety features such as early driver fatigue detection.
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