This new era of electrification has caused many an automaker to eye a competitor’s business, and suppliers are no different. Announced Tuesday, BorgWarner has decided to buy Delphi Technologies, uniting the two businesses to better capture the growing market for hybrid and electric vehicles.
The powertrain giant pegs Delphi’s enterprise value at $3.3 billion, making this acquisition its largest to date. (Read More…)
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