Borgwarner Inc Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Aileen Elizabeth Smith - BofA Securities, Research Division - Analyst : This is Aileen Smith on for John. First, I want to just start asking the flip side to Colin's question from a longer-term perspective and the CHARGING FORWARD plan. You mentioned that there may be some impact to timing around the divestiture target for this year. But does the volatility in the capital markets and what may be going on with valuations from a public and a private side of things change anything from your perspective in terms of the acquisition opportunities that are available?

Question: Aileen Elizabeth Smith - BofA Securities, Research Division - Analyst : Okay. Got it. That's helpful. And then we've asked this question a few different ways to suppliers on the cost inflation side. But your automaker customers have been pretty successful in passing on cost inflation more recently to their customers in the form of price. And I think we can understand the dynamic of commodities and pass-throughs between you and your customers, but cost inflation is really everywhere. So in the past few months, have automakers been in any way receptive or kind of opened the door to discussions of taking on some incremental cost burden from you beyond commodity as they may be able to pass it down to their customers?

Question: Aileen Elizabeth Smith - BofA Securities, Research Division - Analyst : Okay. Great. And one quick housekeeping or clarification question, if I may. The battery management system win that you highlighted on Slide 6, is that technology that came from the AKASOL acquisition?