The company’s chairman and general manager, Tim Manganello, said that the 54.5-percent gallon-per-gallon high-efficiency standard will boost BorgWarner’s sales performance in the North American market. At present, the company aims to develop high-efficiency products with streamlined personnel, and expects to reach a fuel-saving goal by 2025.
Recently, due to the improving economy and the development of the Unified Average Fuel Efficiency (CAFE) standard product, BorgWarner also recalled 1,700 employees and added power and automotive electronics engineering personnel. Tim Manganello said that the company supplies well-known large manufacturers including Volkswagen, Audi, Ford, Fiat, Chrysler, Nissan-Renault, and Daimler, etc., and its revenue is mainly from the European market (50%) and the North American market (25%), Asia Market (25%). He once said that automotive suppliers should have headquarters in the three major automotive industry developed regions - Detroit, Germany, and Tokyo. Recently, he declared that China is the fourth largest automotive industry developed area. Tim Manganello said that having a headquarters in a developed area of ​​the automotive industry makes it easier to attract auto suppliers from all over the world to negotiate business.
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FAQ:
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