BorgWarner posts higher quarterly profit


CHICAGO, Oct 26 (Reuters) - Auto parts maker BorgWarner Inc. on Wednesday posted a higher quarterly profit on increased demand for its engine and drivetrain technology, including turbochargers and transmission components. Net income rose to $61.4 million, or $1.07 a share, in the third quarter, from $44.8 million, or 79 cents a share, in the year-earlier quarter. Excluding items, earnings were 99 cents per share. Analysts had expected Auburn Hills, Michigan-based BorgWarner to earn 98 ...

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