Shares of BorgWarner Inc. (NYSE:BWA) ended Friday session in red amid volatile trading. The shares closed down -1.70 points or -4.74% at $34.14 with 3.53 million shares getting traded. Post opening the session at $35.49, the shares hit an intraday low of $34.14 and an intraday high of $35.63 and the price vacillated in this range throughout the day. The company has a market cap of $7.26 billion and the numbers of outstanding shares have been calculated to be 214.27 million shares.
On Aug. 8, 2016 BorgWarner provides its latest variable turbine geometry (VTG) turbocharging technology for a wide range of Euro 6 diesel engines used for numerous Hyundai and Kia models of the Hyundai Motor Company worldwide. Engineered for high efficiency and reliability, BorgWarner’s VTG technology features electrically actuated vanes and helps a wide range of its customer’s diesel engines comply with current emissions standards. With its industry-leading expertise in advanced turbocharging technologies and its global supplier footprint, BorgWarner supports the production of economical high-performance diesel engines around the world.
“BorgWarner values its long-standing partnership with the Hyundai Motor Company and we are very proud to extend our cooperation by providing our latest VTG turbochargers, which improve fuel economy and enhance performance while reducing emissions, for a majority of their diesel engines,” said Frédéric Lissalde, President and General Manager, BorgWarner Turbo Systems. “This collaboration emphasizes BorgWarner’s role as a leading supplier of state-of-the-art VTG turbocharging technologies and further strengthens our market position in Asia.”
Shares of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) ended Friday session in red amid volatile trading. The shares closed down -0.72 points or -1.75% at $40.43 with 3.52 million shares getting traded. Post opening the session at $40.47, the shares hit an intraday low of $40.33 and an intraday high of $40.78 and the price vacillated in this range throughout the day. The company has a market cap of $19.85 billion and the numbers of outstanding shares have been calculated to be 482.32 million shares.
Coca-Cola European Partners plc Ordinary Shares (CCE) announced that it will host an event with investors and analysts in Barcelona on Tuesday, 27 September 2016. The meeting will be hosted by Chairman Sol Daurella, Chief Executive Officer John F. Brock, Chief Operating Officer Damian Gammell, and Chief Financial Officer Nik Jhangiani. Presentations will be webcasted and include other key leaders, a detailed business overview, and a discussion of the company’s long-term outlook.
John F. Brock, CEO, commented: “Just three months ago, we executed a transaction that created the world’s largest independent Coca-Cola bottler by net sales and a leading consumer goods company in the European marketplace. This meeting will enable us to provide a better understanding of our business and our strong commitment to creating increasing value for our shareowners.”
Damian Gammell, COO, added: “We look forward to our first investor and analyst event as CCEP in Barcelona, which will provide an excellent opportunity to learn more about the Spanish market as well as our other key operations.”
On 27 September, CCEP will webcast the presentations live through its website, www.ccep.com, beginning at 3:00 p.m. CEST, 2:00 p.m. BST, and 9:00 a.m. EDT. A replay of the presentation will be available at this site within 24 hours after the presentations.