Execute a tax-free spin-off of Fuel Systems and Aftermarket segments
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 6 Dec 2022
- Due
- 31 Dec 2023
- Delivered
- 3 Jul 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The Company expects to complete the transaction in late 2023, subject to satisfaction of customary conditions”
What we found
Evidence strength A What the grades mean
BorgWarner completed the spin-off of its Fuel Systems and Aftermarket segments into a new company, PHINIA, Inc., on July 3, 2023, which is within the late 2023 timeframe.
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A BorgWarner 10-K filed 2024-02-08
“On July 3, 2023, BorgWarner completed the previously announced spin-off (“Spin-Off”) of its Fuel Systems and Aftermarket segments” ✓ confirmed on the page
Market reaction: the shares moved -5.0% against the S&P 500 over the three sessions around the disclosure (7 Feb 2024 to 12 Feb 2024). What this measures
Checked 20 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Separation
- Indicative materiality
- Transformational rules
- Action
- Execute
- Deliverable
- Spin-off of Fuel Systems and Aftermarket segments
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: final approval from the BorgWarner Board of Directors; filing and effectiveness of a registration statement on Form 10; receipt of a tax opinion; satisfactory completion of financing; completion of information and consultations processes with works councils
- Depends on
- Regulatory, Financing, Partner
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-BWA-017337 · Corrections policy