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"Buy" - USA - BorgWarner Shares Hit New 52-Week High
NEW YORK,NY, USA -MSN Money/AP -Aug 16, 2005: -- BorgWarner Inc., a maker of power train products for the automotive industry, on Tuesday saw its shares advance to a new 52-week high after a Banc of America Securities analyst rated the stock a "Buy"... The analyst said he expects about 60 percent of the revenue growth to come from Europe and Asia, where industry trends toward diesel, chain systems and automatic transmissions favor BorgWarner's products. Also, the company's opportunities are growing in North America, where foreign automakers such as Toyota and Honda are expanding the production capacity and sourcing... "Europe is a very important market for engine technology, both for diesel and new generation gasoline engines," said... "The Asia market is very important because they're adapting European emissions standards, and all of our engine products play into fuel efficiency and emission reductions."
posted by Unknown @ 10:14 AM
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