US: BorgWarner back in black

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BorgWarner has reported fourth quarter net earnings of $52.7m, or $0.45 a share, compared with a net loss of $81.4m, or $0.70 per share in fourth quarter 2008. Q4 2009 included non-recurring items of $0.03 per diluted share while Q4 2008 included net non-recurring items of -$0.70 per share. Sales grew 28.6% and positive free cash flow was $79.9m. Full story...