Thesis
Despite long-term concerns of being tethered to fossil fuels with the Delphi Technologies deal and current concerns of slowing auto production, BorgWarner is an attractive value play due to its economic moat and robust electrification efforts.
Overview and Price Action
BorgWarner, Inc. was formed in 1928 and is American automotive parts supplier that operates worldwide and is well-known for powertrain products in particular, such as transmission components. It has 60 locations in 18 countries across 3 continents, with around 40% of its revenue coming from the EU region.
Source: BWA 10-K Statement
While the