DETROIT -- Auto parts supplier BorgWarner Inc. reported higher quarterly profits, driven by increased demand for its fuel economy systems and technologies.
The company posted a second-quarter profit of $1.31 per share compared with $0.68 per share in the same period a year earlier.
Excluding a patent infringement settlement payment from Honeywell and an adjustment related to taxes, BorgWarner reported earnings of $1.12 per share.
Sales rose 28 percent to $1.8 billion.
BorgWarner raised its 2011 earnings per share forecast, excluding items, to a range of $4.25 to $4.45, up from $3.85 to $4.15 previously.