BorgWarner earnings boosted by currency changes
BorgWarner Inc. BWA on Thursday reported a 19% rise in first quarter net income as the auto-parts supplier benefited from favorable foreign-exchange rates. The Michigan-based company made a quarterly profit of $225.1 million, or $1.07 a share, compared with $189.2 million, or 89 cents a share, a year earlier.
Source : MTV
