I think the market is just too Europe sensitive right now. Almost half (45%) of the new business is in Europe so the market doesn't like that (today anyway). Still a great company and Mr Market is just providing a nice buying opportunity.
The news is all good that I have seen! "Nov 8 (Reuters) - Auto parts supplier BorgWarner Inc (BWA:$70.2545,$-4.3255,-5.80%) said it expects net new powertrain business of $2.5 billion through 2012 to 2014. The company, which makes turbochargers, transmission components and other parts, said it sees strong growth in every major product and in every major region of the world. "We have significantly outpaced the growth of the industry by developing fuel-efficient technologies that meet the needs of the global market," BorgWarner (BWA:$70.2545,$-4.3255,-5.80%) said in a statement. Asia sales are expected to account for about 35 percent of the new business during the period. BorgWarner (BWA:$70.2545,$-4.3255,-5.80%) said demand for its environmentally friendly technologies, like gasoline and diesel turbochargers, dual-clutch transmission technology, engine timing systems among others are expected to continue to drive strong growth."