Both companies specialize in auto transmissions, but BorgWarner - the larger of the two with annual revenue of more than $10 billion, has been expanding its products for electric vehicles.The company last year bought a 20 per cent stake in battery packs supplier Romeo Power. Some of BorgWarner’s other products include electric motors, battery heaters and onboard battery chargers.
Global carmakers and their suppliers are forging alliances to develop electric and autonomous car technologies partly due to the huge financial and technical burdens, and as governments pressure them to roll out zero-emission vehicles to meet stringent anti-pollution rules. Delphi, which also makes electronic control modules that manage various powertrain components and other auto parts, said its shareholders will receive 0.4534 shares of BorgWarner for each share held. That translates to $17.39 per share, a premium of about 77 per cent to Delphi’s closing price on Monday.
globebusiness Y'all are playing so dirty with that