WRAPUP 1-BorgWarner, Tenneco hit by auto market slump


* BorgWarner swings to loss, cuts 2008 outlook * Tenneco axing 1,100 jobs, closing five plants * Suppliers blame financial crisis, slowing economy * BorgWarner shares down 9 pct, Tenneco off 8 pct By Soyoung Kim and Kevin Krolicki DETROIT, Oct 29 (Reuters) - Two of the largest U.S. auto parts makers said on Wednesday that the global credit crisis and economic slowdown hammered their business in the just-completed quarter and would lead to more job cuts and plant closings. The ...

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