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[$$] Auto Parts Supplier BorgWarner Names New Finance Chief

as its new finance chief, tasking him with cutting costs to cope with the car industry’s headwinds in markets such as China and Europe. The Auburn Hills, Mich.-based company sells drivetrain products for combustion, hybrid and electric vehicles, exposing it to the ups and downs in global car sales. Auto sales world-wide have been declining as demand in China—for years a key driver for growth—has cooled.