BorgWarner exec: 'Now is the right time' for spinoff plan

BorgWarner, the U.S.-based driveline specialist, began to reinvent itself to succeed in an electrified world with an ambitious M&A program, including the acquisition of Delphi Technologies in 2020 at a $3.3 billion valuation. BorgWarner took another big step in December, announcing it would spin off its aftermarket and fuel systems businesses into a separately traded company. Paul Farrell, BorgWarner executive vice president and chief strategy officer, spoke with Automotive News Europe News Editor Peter Sigal about why the move makes sense for BorgWarner as it focuses on new propulsion technologies.