The PACE Awards are widely recognized as the industry standard for product innovation. This hasn't gone unnoticed - BorgWarner has received more than 10 Automotive News PACE Awards in the past decade.
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It has reinvested about 9% of its revenues in R&D for the past three years. BorgWarner's commitment to innovation ensures that it will always have a pipeline of newer and better products to meet customers' demands. Similarly, BorgWarner, a global supplier of drivetrain and engine applications, offers turbochargers and engine technologies that help automakers meet enhanced efficiency and emission targets.īorgWarner's eBooster technology enables the development of smaller and more efficient turbocharged engines, which result in a lower level of emissions compared with larger engines. One example of Visteon's climate control products is its IHX Sub-Cooled Water Cooled Condenser, which reduces compressor power consumption by one-fifth.
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In addition, Visteon is only one of two companies in the space providing the full spectrum of climate control systems including (but not limited to) control heads, heating, ventilation and air conditioning (HVAC) units, compressors, and cooling modules. Visteon is the second-largest player in climate control globally, with a 13% market share, and it boasts a global manufacturing footprint of 35 manufacturing facilities and four technical centers. In February of this year, the European parliament set a new 2021 target for emissions of 95 grams of carbon dioxide per kilometer, a 27% reduction compared to the 2015 target of 130 grams of carbon dioxide per kilometer.Īutomotive climate control, which refers to the maintenance of a steady temperature within the passenger compartment of a vehicle, plays a big part in a car's eco-friendliness. Its larger automotive supplier peers, BorgWarner ( NYSE:BWA) and Delphi Automotive ( NYSE:DLPH), are also leveraging on these trends for greater profitability.įuel emissions and climate control Emissions standards are tightening across the world, driving demand for automotive supplies whose products contribute to lowering emissions. Visteon ( NASDAQ:VC), a supplier of climate and electronics products for automobiles, is poised to be one of the biggest beneficiaries of such changes. Another trend is that of the connected car, or a car equipped with Internet access, being touted as the "next big thing" in consumers' lives.
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One trend that stems from this is the increased regulatory scrutiny of vehicle emissions.
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Government regulations and consumer preferences are the key factors driving the future of the automotive industry.