BorgWarner quarterly earnings rise

Newswire

CHICAGO, July 27 (Reuters) - Auto parts supplier BorgWarner Inc. said on Thursday that quarterly earnings rose, as strength in engine components such as turbochargers more than offset weakness in driveline components. Net income rose to $70.2 million, or $1.21 per share, in the second quarter, from $35.9 million, or 63 cents per share, a year earlier, when BorgWarner took charges totaling 50 cents per share for various items. Sales rose 5.2 percent to $1.17 billion.

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