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BorgWarner scraps EV charging business, reports Q1 sales and profit decline with eye on tariff uncertainty

Joseph Fadool becomes BorgWarner CEO in February 2025.
“We have taken a critical eye to the portfolio," said BorgWarner CEO Joseph Fadool. (BORGWARNER)
KN
By:
Kurt Nagl , Crains Detroit Business
May 07, 2025 05:18 PM

BorgWarner Inc. is exiting the electric vehicle charging business and consolidating its battery unit as it grapples with shrinking vehicle volumes and tariff impacts.

Featured Stories

Stellantis
New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

VB
By:
Vince Bond Jr.
New Stellantis CEO Antonio Filosa faces series of hurdles
Manufacturing
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
BN
By:
Bloomberg News
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
China
Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output
RN
By:
Reuters News
Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output
Finance Insurance
FTC seeks to drop one count against Asbury after Trump executive order on disparate impact
JH
By:
John Huetter
FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

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