BorgWarner (BWA) to Acquire Charging Business of Hubei Surpass Sun Electric
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
BorgWarner to Acquire Charging Business of Hubei Surpass Sun Electric (SSE)
September 20, 2022 7:00 AM EDTSupports continued expansion in DC Fast Charging MarketComplements existing BorgWarner European and North American charging footprint by adding China presenceLeverages BorgWarner's global capabilities across quality, engineering, supply chain, manufacturing, and salesClosing expected in first quarter 2023
AUBURN HILLS, Mich., Sept. 20, 2022 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) and Hubei Surpass Sun Electric (SSE) today announced that they have entered into an Equity Transfer Agreement under which BorgWarner... More