WRAPUP 2-BorgWarner, Tenneco hit by auto market slump

Newswire

* BorgWarner swings to loss, cuts 2008 outlook * Tenneco axing 1,100 jobs, closing 5 plants, shares rise * Belgium's Wabco profit miss Wall Street view * Suppliers blame financial crisis, slowing economy * BorgWarner shares down 7.8 pct, Wabco touches record low (Adds Wabco results, analyst comments, updates shares) By Soyoung Kim and Kevin Krolicki DETROIT, Oct 29 (Reuters) - Two of the largest U.S. auto parts makers and a European supplier said on Wednesday that the global ...

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