Oct 31 (Reuters) - Auto parts supplier BorgWarner ( BWA )

lowered its full-year sales forecast on Thursday on

expectations of lower vehicle production as the industry comes

under pressure from consumers cutting back on purchases.

BorgWarner ( BWA ), like other auto suppliers, benefited over the

years from automakers ramping up production and making vehicles

with more efficient hybrid systems or turbochargers.

However, that pace has slowed as Western automakers navigate

a difficult market hindered by weaker consumer demand due to

sticky inflation and stiff competition from Chinese companies

putting out more affordable electric vehicles.

Earlier this month, auto industry consultants J.D. Power and

GlobalData cut their expectations for 2024 global light-vehicle

sales by 500,000 units to 88 million units.

BorgWarner's ( BWA ) client Ford Motor ( F ) offered a weak outlook

this week, while other major customer Volkswagen

asked its workers to take a 10% pay cut as profits plunged to a

three-year low.

Both the automakers accounted for roughly 25% of

BorgWarner's ( BWA ) 2023 sales.

The company expects its net sales for 2024 to be between

$14.0 billion and $14.2 billion, compared with its prior

forecast range of $14.1 billion to $14.4 billion.

On an adjusted basis, BorgWarner ( BWA ) earned $1.09 per share in

the third quarter, compared with the average analyst estimate of

92 cents, according to data compiled by LSEG.

Overall revenue in the quarter fell about 5% to $3.45

billion.