BorgWarner Inc. (BWA - Free Report) introduced its Electro-Mechanical On-Demand (EMOD) transfer case in the advanced Ram 1500 pickup truck. Built on the company’s Torque-On-Demand clutching system, the new transfer case offers swift response and advanced torque on both on- and off-road performances.
Except for this recent offering, BorgWarner has been delivering its transfer cases for production vehicles under the Ram brand since 2010.
Enabled with matchless clutch control and actuation capabilities, BorgWarner’s EMOD transfer case can be used in different vehicle types, ranging from heavy-duty pickup trucks to small sport utility vehicles (SUVs). Its easy traction calibration makes it suitable for a wide-range of vehicles.
BorgWarner Inc. Price and Consensus
Moreover, with a distinct shift in consumer preferences to SUVs and pickup trucks, automakers are launching newer models with comfortable design packages per requirements. Further, the launch of BorgWarner’s EMOD transfer case will enable automakers to manufacture superior vehicle models.
Michigan-based BorgWarner is a global leader in clean and efficient technology solutions required for combustion, hybrid and electric vehicles.
Over a month, shares of BorgWarner outperformed the industry it belongs to. During the period, its stock gained 1.8% in comparison with the industry’s rise of 1%.
Zacks Rank & Other Key Picks
BorgWarner carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the auto space are Honda Motor Co., Ltd. (HMC - Free Report) Toyota Motor Corp. (TM - Free Report) and Allison Transmission Holding, Inc. (ALSN - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Honda has expected long-term growth rate of 5.2%. In the last six months, shares of the company rose 14.1%.
Toyota Motor has expected long-term growth rate of 6.1%. In the last six months, shares of the company gained 7.4%.
Allison Transmission has expected long-term growth rate of 10%. Shares of the company gained 1% over the last six months.
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