Phinia Inc., provider of premium fuel systems, electrical systems and aftermarket parts, completed its spinoff from BorgWarner (NYSE:BWA) July 3. It began trading as an independent company on the New York Stock Exchange under the ticker symbol “PHIN” effective at the market opening July 5.
Newly instated President and CEO Brady Ericson said, “Today marks the beginning of an exciting journey as we seek to position Phinia, alongside our Delphi, Delco-Remy and Hartridge brands as global product leaders in systems and components for fuel systems and aftermarket products and services. We are very excited to be launching as an independent business with the ability to shape and define our own future."
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