BorgWarner has released its 2022 Sustainability Report, “Charging Forward Together,” highlighting the significant steps taken toward meeting its environmental stewardship, social responsibility and governance (ESG) objectives and outlining additional goals the company has set for this year and beyond. 

The company said in a statement that the Sustainability Report underscores BorgWarner’s commitment to accelerating the world’s transition to Mobility to help build a cleaner, healthier, safer future for all. 

Frédéric Lissalde, President and CEO, BorgWarner, said, “Our beliefs of inclusion, integrity, excellence, responsibility and collaboration are found in every aspect of our operations and guide us as we work toward our vision of a clean, energy-efficient world. We are proud of the significant progress we have made in recent years toward embracing sustainability in our culture and advancing electrification efforts in everything we do. We look forward to taking additional concrete steps in changing the world of mobility, alongside our partners, customers, suppliers and communities toward a brighter, cleaner and more inclusive future.” 

The annual Sustainability Report gives a holistic view of BorgWarner’s commitment to being a sector leader in sustainability, addressing its refreshed sustainability strategy, investments and acquisitions of companies to enhance its electrification capabilities, diversity initiatives and more. 

BorgWarner’s business strategy, Charging Forward, is central to the report, showcasing the company’s alignment with and contributions to a net-zero carbon emissions future and its target of a 45 per cent electric revenue mix by 2030, the release said. Currently, the company is on track to generate more than 25 per cent of its revenue from electrified vehicle parts by 2025. Additionally, the company expects about 50 per cent of its R&D budget will be spent on eProducts in 2022 and to exceed 50 per cent by 2025. 

While looking to achieve carbon neutrality in its operations by 2035, BorgWarner set a new interim goal to reduce its absolute greenhouse gas (GHG) emissions for Scope 1 and Scope 2 emissions by 85 per cent, compared to its 2021 emissions, by 2030. BorgWarner is also developing a Science-Based Target Initiative GHG emissions reduction goal, and, as part of that process, will be estimating its Scope 3 emissions and determining its most crucial actions for GHG emission reduction. 

To promote further advocacy and dedication to ESG at the highest levels of the organisation, BorgWarner has linked 50 per cent of the performance component of its executive long-term incentive plan compensation with its Charging Forward goals by incorporating an eProducts revenue mix metric. 

The company has also announced formal DEI goals in this year’s report. By 2026, BorgWarner plans to have women account for 35 per cent of its global workforce and racially/ethnically diverse employees account for 30 per cent of its US workforce. By that same year, the company plans to achieve and maintain pay parity across all genders and races. On average, women working at BorgWarner globally are currently receiving 98.9 per cent compensation of that received by men, with racial/ethnic minorities in the US receiving compensation of 99 per cent or more compared to compensation received by non-minorities. An annual salary review process is in place to evaluate and address discrepancies in pay, if identified. Finally, BorgWarner has set a goal to achieve a score of 80 per cent or above on a BorgWarner Beliefs index from its employee engagement survey by 2026. 

Developing and retaining talent continues to be an area of focus for BorgWarner, as demonstrated by the more than 84,000 hours of training received by salaried employees in 2021, it said. The company also launched Power to Evolve, a skills agility programme for employees that was created in partnership with leading universities in the US and Europe and provides a fast track to transfer mechanical engineers to working on electric drive systems, including batteries, inverters, motors and more. 

The company’s employees not only met but exceeded its giving goals with efforts that supported over 400 charitable activities, including STEM education, children in need and humanitarian efforts, the release pointed out. 

Among its various governance activities, BorgWarner continued to focus on promoting sustainability across its supply chain: the company saw an approximate 35 per cent increase in suppliers participating in the Sustainability Self-Assessment Questionnaire, which asks suppliers about key sustainability issues including human rights, health and safety, environment, working conditions and business ethics. 

To further accelerate progress related to supply base goals and engagement, BorgWarner also developed a Sustainable Supply Chain strategy outlining priority ESG topics along with a roadmap for implementation. In 2022, the strategy will be expanded to include a focus on evaluating existing and developing new supplier expectations on material topics and incorporating them into the company’s sourcing process. 

The complete report can be accessed here: www.borgwarner.com/company/sustainability. (MT)

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Versigent has completed its separation from Aptiv PLC and launched as an independent, publicly traded company on the New York Stock Exchange.

The separation was finalised through a tax-free spin-off. Aptiv shareholders of record as of 17 March 2026 received one Versigent share for every three Aptiv shares held.

Versigent operates as a provider of signal, data and power distribution systems. In 2025, the business recorded revenue of USD 8.8 billion, net income of USD 528 million and adjusted EBITDA of USD 893 million.

The company maintains engineering centres on four continents and manufacturing operations in more than 25 countries. Its core business focuses on the design and delivery of low- and high-voltage electrical architectures for various end markets.

Versigent has established a financial target to reach USD 1 billion in free cash flow by 2028. Management expects to expand EBITDA margins by more than 200 basis points over the next three years, supported by revenue growth exceeding 3 percent.

Joseph Liotine, CEO, Versigent, said, “Today marks an important milestone as Versigent begins its next chapter as an independent company built on a century of leadership in advanced power distribution solution systems. As demand grows for greater capability with less complexity, our unmatched combination of engineering expertise, advanced manufacturing excellence, and global scale gives us a distinct advantage. Versigent is purpose-built to amplify our customers’ urgent needs to power smarter, faster, and safer features without compromise.”

Doug Ostermann, CFO, Versigent, added, “Versigent is well positioned to unlock greater value as we enter the public markets. We launch with clear priorities and a strong financial profile, including top-line revenue growth of more than three percent and industry-leading double-digit EBITDA margins that we expect to expand by more than 200 basis points over the next three years. Our business is globally scaled, highly engineered and consistently cash-generative, with a path to $1 billion in free cash flow by 2028. Through a balanced and disciplined capital allocation strategy, we are investing thoughtfully in the business while prioritizing attractive returns for shareholders.”

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Geely Auto Group has announced the formation of Geely Technology Europe (Geely Tech Europe), a unified research and development centre integrating its engineering facilities in Gothenburg, Sweden and Frankfurt, Germany. The hub will serve as a strategic link to the Geely Research Institute (GRI) in China to develop vehicle platforms for international markets.

Geely Tech Europe aims to provide engineering support for the Zeekr, Lynk & Co and Geely brands. A primary operational goal is to reduce the time gap between Chinese and international product launches to less than 6 months. The organisation plans to double its managed European vehicle projects by 2027 to meet global sales targets.

The hub focuses on three technical pillars:

• Architecture Development: Co-creating mechanical and electronic/electrical (E/E) architectures.
• Market Optimisation: Integrating international regulatory requirements and customer needs into vehicle programmes.
• Digital Innovation: Developing software-defined vehicles using Agentic AI, advanced driver-assistance systems (ADAS) and smart cockpits while maintaining European data privacy standards.

The formation of Geely Tech Europe follows the evolution of China Euro Vehicle Technology (CEVT), established in 2013 and the subsequent Zeekr Technology Europe. The combined teams have previously developed the Compact Modular Architecture (CMA), used in over four million vehicles, and the SEA-S platform, which features a 900-volt high-voltage system.

Giovanni Lanfranchi, CEO, Geely Technology Europe, said, “Europe is more than a key market; it is a global benchmark for automotive excellence and demanding customer expectations. To succeed, it is essential to anticipate and incorporate the needs of all regions from the start of development. Establishing Geely Technology Europe creates a genuinely borderless R&D setup -- a strategic edge that allows us to not only meet global standards, but help set them.”

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  - Paul Fijnvandraat March 30, 2026 10:56 AM

  Dear Giovanni, It’s great to see everything coming together under your strong leadership. I’m confident you'll not only meet this target but exceed it. I look forward to continuing our powerful co‑creation partnership with this new structure.

  Reply

American component major Tenneco India is no longer just manufacturing for the domestic market; it is transforming into a high-tech global export hub.

Under the leadership of CEO Arvind Chandra, the company is shifting from a ‘local-for-local’ strategy to a sophisticated ‘India for the World’ mandate that integrates Indian engineering into the global automotive lifecycle.

While current exports sit at approximately 6 percent, Tenneco’s future order book reveals a dramatic shift, with exports accounting for 20 percent of projected growth. This strategy leverages not only India’s competitive labour cost, but also high-quality innovations to bolster the margins of Tenneco’s sister divisions in Europe and the US.

"The addressable market just within Tenneco is huge," Chandra explains, noting that at present 70 percent of exports are currently directed to internal Tenneco entities. To support this, the company is earmarking USD 2 million for FY2026 to expand its R&D capabilities, creating a state-of-the-art centre to attract top-tier talent.

"When you become the export hub for the world, you should also become the R&D export hub," says Chandra.

Disrupting Ride Quality

On the domestic front, Tenneco is betting on ‘premiumisation’ in the passenger vehicle segment to disrupt the market. The company’s patented ‘DaVinci DCX’ suspension technology is at the heart of this push, aiming to bridge the gap between vehicle cost and ride comfort.

Chandra is candid about his goal to challenge the status quo of Indian roads: "My aspiration as CEO is to make sure that we completely disrupt the market. Because the comfort in the mass market passenger vehicle segment has been the same for the last 60-70 years".

Tenneco is also insulating itself against the uncertainty of electrification by remaining powertrain agnostic. Whether the market moves toward EVs, which can increase Tenneco's content per vehicle by over 4x for hybrids, the company remains positioned for growth. By ‘wrapping’ themselves around customer needs rather than protecting rigid revenue streams, Tenneco has secured a dominant 52 percent market share in shock absorbers.

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JSW Motors Limited, the electric and new energy vehicle subsidiary of the JSW Group, has entered into a long-term strategic agreement with Dassault Systèmes. The collaboration centres on transforming how the automaker will design, engineer and build its forthcoming models, with the DELMIA: 3DEXPERIENCE platform serving as the foundational digital framework for its entire lineup of new energy vehicles.

A key focus of the initiative is strengthening domestic capabilities. By merging local production expertise with globally recognised technology, the company aims to establish an automotive ecosystem that sets a new benchmark for India. This dual focus is designed to produce vehicles that meet international quality standards while being specifically calibrated for the domestic market, ultimately bolstering local supply chains and industrial resilience.

To advance this vision, the manufacturer is deploying the 3DEXPERIENCE platform to create a unified Product Lifecycle Management environment that spans design, engineering and validation. This effort is complemented by the integration of a sophisticated Manufacturing Execution System on the same platform, which ensures seamless digital continuity and full traceability from initial concept to final assembly.

Through this integrated approach, the partnership solidifies the company’s readiness to deliver competitive, future-ready vehicles. The unified digital infrastructure not only accelerates product development but also reinforces the organisation’s commitment to building a self-reliant, world-class automotive presence in India.

Ranjan Nayak, CEO, JSW Motors Limited, said, “At JSW Motors, we are building a technology-led future mobility ecosystem which is engineered in India and world class. We are delighted to partner with Dassault Systèmes from France to embed its state-of-the-art, digital platform across the vehicle lifecycle, from design to manufacturing at JSW Motors. We are also in advanced discussions with several additional domestic suppliers to further deepen localisation and strengthen India’s automotive supply chain. By leveraging the best global technologies, we aim to accelerate development timelines while enhancing quality.”

Deepak NG, Managing Director – India, Dassault Systèmes, said, “The Indian automotive industry is at a pivotal inflection point, and JSW Motors is well positioned to lead this transformation. Our 3DEXPERIENCE platform will empower JSW Motors to manage the growing complexity of software-defined vehicles while enabling end-to-end integration across their entire value chain, from design and engineering to manufacturing and lifecycle management. By building virtual twins of their products and processes, we will help drive greater innovation, efficiency and agility, ensuring scalability and sustained competitiveness in a rapidly evolving market.”

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