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BorgWarner Announces Completion of Phinia Spin-Off
July 04, 2023
AUBURN HILLS, Michigan, July 4 -- BorgWarner Inc. issued the following news release on July 3, 2023:

BorgWarner Inc. (NYSE: BWA) today announced the successful completion of the spin-off of its Fuel Systems and Aftermarket segments into a separate, publicly-traded company named PHINIA (NYSE: PHIN).

"A tremendous amount of work has gone into bringing us to where we are today," said Frederic Lissalde, President and Chief Executive Officer, BorgWarner Inc. Two ye . . .

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