On Tuesday, Shares of BorgWarner Inc. (NYSE:BWA), subtract -0.97% and shut at $35.81 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $35.31 and $36.03. BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, will launch its electric drive module (eDM) with integrated eGearDrive® transmission in two pure electric vehicles from a major Chinese automaker. Production is expected to begin in summer 2017.
“BorgWarner’s new eDM combines our know-how in eGearDrive transmissions, first launched in 2009, with our newly attained expertise in electric motor technology from the former REMY business,” said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems. “Our first application of this integrated world-class propulsion solution will be produced locally in China.”
Shares of Suncor Energy Inc. (USA)(NYSE:SU), subtract -0.44% and shut at $31.70 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $31.46 and $32.19. The association’s commercial center capitalization is $54.40 Billion with the general uncommon loads of 1.66 billion. Suncor released its 2017 corporate guidance recently which includes a capital spending program of between $4.8 billion and $5.2 billion and average production of 680,000 to 720,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year increase to production of more than 13 per cent and a reduction to capital spending of about $1 billion even with a full year of raised Syncrude ownership.
The guidance includes a projected Suncor Oil Sands operations cash operating costs per barrel range of $24.00 – $27.00 influenced by about $1.00 per barrel year over year as a result of assumed rising natural gas prices. The midpoint of the range represents a 37 per cent reduction since 2011. Syncrude cash operating costs per barrel are expected to be $32.00 – $35.00, also reflecting continued improvement over previous years.