CV hangover continues for BorgWarner

BorgWarner’s light vehicle business continues to shine, and full year 2016 light vehicle growth in its key markets are positive; in Europe, growth is forecast to be about 2%, North America around 4%, and China between 5% and 6%. The CV market remains a drag, however. “We still see that very challenging,” said Chief Executive James Verrier in the earnings call. “Frankly, we’re not seeing a lot of uplifting news,” he added.