BorgWarner CEO Says U.S. Auto Market Has Hit a Plateau

The video discusses the current state and future projections of the global auto industry, focusing on Borgwarner's position. It highlights the plateau in the North American market and growth in China and Europe. The company is adapting to electrification trends, with a significant portion of its business still in combustion engines. Revenue projections align with market trends, anticipating a rise in hybrid and electric vehicles. The impact of gas prices and regulatory standards on vehicle technology is also explored.

What is the current state of the North American auto cycle according to the transcript?

• It is experiencing rapid growth.

• It is declining rapidly.

• It is unpredictable.

• It is in a plateau.

Which regions are still showing growth in the auto industry?

• North America and South America

• Europe and Africa

• China and Europe

• Australia and Asia

How is BorgWarner positioning itself in terms of vehicle propulsion technologies?

• Being propulsion neutral

• Focusing solely on combustion engines

• Focusing solely on hybrid vehicles

• Focusing solely on electric vehicles

What percentage of light vehicles does BorgWarner expect to be hybrid or electric by 2023?

• 20%

• 10%

• 40%

• 30%

What is the main driver for technological advancements in vehicles according to the transcript?

• Technological innovations in other industries

• Regulatory standards for fuel economy and emissions

• Consumer preferences

• Short-term gas price fluctuations