 BorgWarner Inc. BWA, -1.80 announced Tuesday morning that it plans to spin off its fuel systems and aftermarket segments into a new, publicly traded company. The intended separation supports optimizing our combustion portfolio and advancing our electrification journey while NewCo would be able to pursue growth opportunities in alternative fuels, such as hydrogen, and in Aftermarket, Alexis Michas, the automotive-supply companys non-executive chairman, said in a release. 