Phinia rises in market debut after separating from BorgWarner

PHINIA

05/07/2023 19:22

** Shares of fuel systems maker Phinia  PHIN.N  up 11.10% at
$33.39
    ** Co completed its planned spin-off from BorgWarner  BWA.N 
on Monday, and began trading on the NYSE on Wednesday 
    ** BWA announced the spin-off of its fuel systems and
aftermarket parts segment into PHIN in December 2022, citing a
pivot to EVs 
    ** BWA shares were last trading down 0.47% at $43.70; The
stock has gained 8.58% YTD, including sessions move

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))