BorgWarner (BWA) Opens New Technical Center In Indiana

BorgWarner Inc. (NYSE:BWA) has opened a state-of-the-art technical center in Noblesville, IN. The 100,000-sq-ft technical center strengthens the research and development capabilities of this Michigan-based company to cope with rising customer demand. The new center consolidates two existing Indiana facilities, placed at Anderson and Pendleton, and is expected to help in augmenting the company’s hybrid and electric product portfolio, through improved testing and prototype building capabilities.

This well-planned open concept office space is aimed at fostering employee relationship and creativity. This will, in turn, assist BorgWarner in consolidating its position as a global leader in offering clean and efficient vehicle propulsion solutions.

The new technical center’s lab will execute testing and prototype building while enhancing BorgWarner’s rising electrified portfolio. With a blend of new and existing resources, the Noblesville location will help in the development of different power electronics products as well as the company’s motor, alternator and starter products.

BorgWarner is a global leader in clean and efficient technology solutions, required for combustion, hybrid and electric vehicles. Its products include four-wheel-drive and all-wheel-drive transfer cases (primarily for light trucks and sport utility vehicles or SUVs) as well as automatic transmission and timing chain systems. Over the past six months, shares of the company underperformed the industry it belongs to. Over the time period, shares of the company lost 5.1% whereas the industry gained 4.1%.



Currently, BorgWarner has a Zacks Rank #3 (Hold). It has an expected long-term growth rate of 8%.

A few better-ranked stocks in the auto space are Oshkosh Corporation (NYSE:OSK) , Allison Transmission Holdings, Inc. (NYSE:ALSN) and Ferrari N.V. (NYSE:RACE) . While both Oshkosh and Allison Transmission Holdings sports a Zacks Rank #1 (Strong Buy), Ferrari carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Oshkosh has an expected long-term growth rate of 18.3%. Shares of the company have risen 7.2% over the past year.

Allison Transmission Holdings has an expected long-term growth rate of 10%. Over the past year, shares of the company have gained 11.6%.

Ferrari has an expected long-term growth rate of 17.3%. Over the past year, shares of the company have gained 69.7%.

Wall Street’s Next Amazon (NASDAQ:AMZN)

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

BorgWarner Inc. (BWA): Free Stock Analysis Report

Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report

Oshkosh Corporation (OSK): Free Stock Analysis Report

Ferrari N.V. (RACE): Free Stock Analysis Report

Original post