BorgWarner quarterly profit rises 16 percent

Newswire

DETROIT, July 31 (Reuters) - Auto parts maker BorgWarner Inc posted a 16 percent rise in quarterly profit on Thursday, as sales growth outside the United States outweighed a steep fall in U.S. vehicle production. Net income rose to $87.5 million, or 74 cents per share, in the second quarter, from $75.7 million, or 64 cents per share, a year earlier. Revenue rose 11 percent to a record $1.5 billion. (Reporting by Soyoung Kim; Editing by Derek Caney)

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