According to Reuters news, with the increasing demand for vehicle fuel-saving systems and technologies, auto parts supplier BorgWarner has raised its sales profit forecast for 2011. According to BorgWarner official information, the company's profit for the second quarter of this year was $1.31 per share, compared with $0.68 per share for the same period last year. Excluding Honeywell's patent infringement settlement funds and tax-related adjustments, earnings per share were $1.12. In the second quarter, operating income increased by 28%, engine sales accounted for approximately 70% of total sales, and revenues from turbochargers, emissions system components, and timing chains increased by 48%. The increase in demand from automakers has benefited BorgWarner. Taking Ford and Volkswagen for example, they are very much in need of BorgWarner's technology to increase engine efficiency and reduce emissions. In addition, high oil prices and stricter emission standards set by the U.S. government have also boosted demand. At the same time, given the shift in demand for car types in the European market, BorgWarner took advantage of this opportunity to supply more components to diesel engines in the European market. Pp Corrugated Boxes,Pp Corrugated Bin,Folding Pp Corrugated Plastic Bins,Pp Corrugated Plastic Boxes Yixing Guanyu New Materials Co.,Ltd , https://www.plasticsheetsupply.com