Why Shares of BorgWarner Are Falling Today
Shares of BorgWarner (NYSE: BWA) were down on Thursday, as growing concerns about the virus pandemic drove a broad-based market sell-off.
As of 1:30 p.m. EDT, BorgWarner's shares were down about 6.8% from Wednesday's closing price.
BorgWarner is a major auto-industry supplier: It provides manufacturers of cars and trucks with components for engines, transmissions, and other vehicle parts. For BorgWarner (and other automotive companies), the key questions right now are: How badly will the outbreak of COVID-19 hurt business, and for how long?
Source Fool.com