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BorgWarner supplies parts that help vehicles generate power, transfer it to the wheels and manage heat. Its customers are mainly passenger-car and light-truck manufacturers worldwide. It generally sells directly to automakers under annual contracts or longer-term supply agreements, shipping parts from its factories as customers authorize deliveries against their vehicle-production schedules.
Most revenue still comes from products used in combustion engines and related hybrid powertrains. These include turbochargers, which increase power for a given engine size, and transmission and drivetrain components. Electric and hybrid drive products, such as motors and the electronics that control them, contribute a smaller share of revenue; BorgWarner is investing in this side of the business while retaining its combustion-related portfolio.
Sales are concentrated among a relatively small group of large automakers, with Volkswagen and Ford its largest customers. Supply agreements generally do not require customers to buy a minimum quantity, so revenue depends on how many vehicles they actually build. Automakers also expect annual price reductions, while BorgWarner has limited ability to pass higher material and other costs back to them.
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Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
BorgWarner’s results hinge on global vehicle production and the mix of combustion, hybrid and electric vehicles; watch Volkswagen, absent from this list, its largest disclosed customer at approximately 13% of 2025 sales.
Garrett Motion competes directly with BorgWarner to sell automakers turbochargers and electric-boosting systems. Watch Garrett’s wins for these programs: light-vehicle turbochargers alone accounted for approximately 21% of BorgWarner’s 2025 net sales.
Magna International’s powertrain business competes with BorgWarner to supply propulsion systems and components to global automakers. Watch its powertrain orders rather than all Power & Vision sales, which also include mirrors, lighting and roof systems.
Dana competes with BorgWarner to sell vehicle manufacturers drivetrain, electric-propulsion and thermal-management products. Its light-vehicle and commercial-vehicle sales offer separate views of the customer markets buying these components.
Dauch Corporation competes with BorgWarner for automakers’ driveline and all-wheel-drive business across combustion, hybrid and electric vehicles. Its axle and all-wheel-drive program news is the part to watch for this overlap.
Ford buys a variety of BorgWarner components and, including its subsidiaries, accounted for approximately 12% of BorgWarner’s 2025 net sales. Ford’s vehicle production schedules determine component deliveries, making production news more directly relevant than its vehicle-financing results.
PHINIA and BorgWarner both depend on combustion and hybrid vehicle production: PHINIA sells fuel systems, while BorgWarner earns most of its revenue from propulsion components for these vehicles. Watch PHINIA’s Fuel Systems sales, including pumps and injectors, for a view of demand in this shared market.
Visteon competes with BorgWarner to supply automakers with battery-management systems and high-voltage power electronics. Watch those product programs rather than cockpit displays and infotainment, which also feature prominently in Visteon’s portfolio.
General Motors buys BorgWarner components, so changes in GM’s vehicle production and factory stoppages reach BorgWarner’s shipments directly. Watch production and labor news at GM’s vehicle plants, including those making its important full-size trucks and SUVs.
Stellantis buys BorgWarner components, tying BorgWarner’s deliveries to its vehicle production and labor stoppages. Production and labor news at its North American plants making Jeep, Ram and other vehicles is therefore worth watching.
Lear and BorgWarner both depend on global automakers’ production schedules: Lear sells seats and electrical systems, while BorgWarner sells propulsion components. Lear’s Seating and E-Systems sales provide two views of demand from that shared customer market.
Autoliv and BorgWarner both sell systems installed in new vehicles, so automaker production volumes matter to both despite their different products. Autoliv’s airbag and seatbelt sales offer a safety-system view of the vehicle-building cycle that also drives demand for BorgWarner’s propulsion components.
Aptiv and BorgWarner both depend on automaker production and electrification spending: Aptiv supplies vehicle wiring and electronics, while BorgWarner supplies propulsion systems. Watch Aptiv’s low- and high-voltage electrical-distribution business for the part most closely tied to this shared investment.
Sensata and BorgWarner both offer automakers and vehicle-system suppliers sensors and electrification-control products. Watch Sensata’s automotive sensor selections: once integrated and tested in a vehicle platform, its sensors are rarely changed during the platform’s typically five-to-seven-year life.
Cooper Standard depends on the same passenger-car and light-truck manufacturing market that generates most of BorgWarner’s sales, supplying automakers with sealing and fluid-handling systems. Its sales of seals and fuel, brake and fluid-transfer systems offer another view of demand from these vehicle makers.
Adient and BorgWarner both rely on global automaker production, supplying seats and propulsion components respectively. Adient’s complete-seat sales offer another view of vehicle-build demand, rather than competition in BorgWarner’s products.
Ford Motor Company earningsF
Ford’s report will show how production and deliveries are going at a customer that represented about 12% of BorgWarner’s 2025 sales, offering a read on demand for BorgWarner components.
Watch Ford’s vehicle production and deliveries, including whether plant stoppages disrupt output. Steady production and deliveries would point to continued demand from a major BorgWarner customer; falling output or stoppages would put BorgWarner’s Ford-related shipments at greater risk.
Dana Incorporated earningsDAN
Dana’s report will separate light-vehicle and commercial-vehicle demand for drivetrain, electric-propulsion and thermal products, offering a read on customer markets shared with BorgWarner.
Compare Dana’s light-vehicle and commercial-vehicle sales, focusing on the business tied to drivetrain, electric propulsion and thermal products. Strength there would point to firmer demand in customer markets BorgWarner also serves; weakness would signal softer demand, though Dana’s results alone cannot show whether BorgWarner gained or lost orders.
BorgWarner Inc. earningsThis company
BorgWarner’s report will show whether its established turbo and drivetrain businesses are still supporting profit as losses in its electric-powertrain businesses change.
Read sales and Segment Adjusted Operating Income margins for Turbos & Thermal Technologies and Drivetrain & Morse Systems alongside sales and losses in PowerDrive Systems and Battery & Charging Systems. Steady sales and margins in the first two, with smaller losses in the latter two, would show the established businesses are providing support as electric-powertrain pressure eases; weakening core results alongside persistent losses would mean both sides are weighing on profit.
Garrett Motion Inc. earningsGTX
Garrett Motion’s report will show its wins and losses in turbochargers and electric-boosting systems, where it competes with BorgWarner in a product line that made up about one-fifth of BorgWarner’s sales.
Focus on Garrett Motion’s wins and losses in automakers’ turbocharger and electric-boosting programs, not its overall results. More wins in these products would show stronger competition for an important BorgWarner business; if the program results do not tilt toward Garrett Motion, the evidence of pressure is weaker, but that alone would not show BorgWarner won the orders.
PHINIA Inc. earningsPHIN
PHINIA’s report will show Fuel Systems sales, offering a demand signal for the combustion and hybrid vehicle market behind most of BorgWarner’s revenue.
Watch PHINIA’s Fuel Systems sales, including its pumps and injectors. Steady or rising sales would indicate continuing demand for components in combustion and hybrid vehicles, supporting the market behind BorgWarner’s established business; weaker sales would suggest that this shared market may be softening, but would not establish a change in BorgWarner’s own sales.
