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BorgWarner (BWA) Climbs to All-Time High as Firm Clinches Multiple Deals
BorgWarner (BWA) reached a new all-time high after securing several new deals, including a major master supply agreement with TurboCell for turbine generator systems projected to generate $300 million in its first year. The company also announced five other supply deals with various OEMs for components like turbochargers, integrated drive modules, battery management systems, and electric cross differentials. Despite an 18% decline in net income last year, net sales increased by 1.4%, and the fourth quarter saw a significant narrowing of net loss and a 5% jump in net sales.