UPDATE 1-BorgWarner posts strong profit, boosts outlook

Newswire

(Recasts, adds earnings details, outlook) CHICAGO, July 29 (Reuters) - Auto parts maker BorgWarner Inc. on Thursday said quarterly profit rose 22 percent on demand for its engine technology in Europe and better than expected U.S. sales, and raised its full-year outlook. At a time when North American vehicle production is expected to slow in the second half of the year due to softening consumer demand, BorgWarner said it expects to grow faster than the industry overall. The maker of ...

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