Marks third consecutive year BorgWarner has been included on the list
BorgWarner is one of eight automotive parts suppliers named
Social responsibility, product quality and investment value were factored into rankings
AUBURN HILLS, Mich., Jan. 30, 2025 /PRNewswire/ -- BorgWarner has been named one of 321 companies included on Fortune magazine's 2025 World's Most Admired Companies list. This is the third consecutive year BorgWarner has achieved the accolade, and it ranked 5th in the "motor vehicle parts" category.
BorgWarner logo. (PRNewsfoto/BorgWarner)
"We're excited to be named once again to Fortune's World's Most Admired Companies list among other highly respected companies, including our customers and peers," said Frédéric Lissalde, President and CEO, BorgWarner Inc. "At BorgWarner, one of our core beliefs is Excellence, and that focus on driving results impacts every part of our business. I'm proud of our employees and leadership team that have built a positive and well-respected reputation all over the world."
The annual list is compiled based on a corporate reputation survey executed by Fortune in collaboration with its partner Korn Ferry, a global organizational consulting firm. The initial pool included about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in the Fortune Global 500 database that have revenues of $10 billion or more. The number of companies was then winnowed down to the highest-revenue companies in each industry, which resulted in a total of 650 in 30 countries. From there, the top-rated companies were picked through voting by executives from the companies.
To identify the best-regarded companies across 51 industries, Korn Ferry surveyed top executives and directors from companies that are eligible to be on the list, as well as analysts, to rate companies within their own respective industry. Companies were rated based on nine attributes, which included investment value, management and product quality, social responsibility and ability to attract talent – all key focus areas for BorgWarner. A company's score must rank in the top half of its industry survey to be listed.
For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.
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You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply disruptions impacting us or our customers, commodity availability and pricing, and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, particularly as they relate to electric vehicles, and our ability to innovate in response; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; potential disruptions in the global economy caused by wars or other geopolitical conflicts; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that our 2023 tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate publicly traded company will not achieve its intended benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on automotive and truck production and is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving some of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; impacts from any potential future acquisition or disposition transactions; and the other risks, noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently-filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.
