UPDATE 1-BorgWarner cuts outlook as Europe worsens


* BorgWarner reports in-line profit; revenue falls short * Europe woes weigh on company's profit, revenue outlook DETROIT, Oct 31 (Reuters) - BorgWarner Inc, which makes automotive turbochargers and emissions systems, cut its 2012 revenue and profit outlook on Wednesday due to the economic downturn in Europe, where the company drew more than half its annual revenue last year. In posting its third-quarter results, the auto parts supplier said it ...

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