BorgWarner

BorgWarner buying EV charging company to boost growth

One of the largest global auto suppliers, BorgWarner, is buying EV charging company Rhombus Energy Solutions, the company announced today. The auto supplier says the deal will accelerate its charging business by leveraging its existing capabilities. BorgWarner is the best known for making and selling quality parts to OEMs. For example, some of the suppliers’ …

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BorgWarner sees slight uptick in Q2 revenue

Auto News

DETROIT — BorgWarner Inc. saw a slight increase in revenue and a slip in net income amid its acquisition of Rhombus Energy Solutions for $130 million, the auto supplier said in its second-quarter earnings report Wednesday. In a statement, the company said it paid the initial $130 million for the electric vehicle charging provider at …

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