Risk Sleuth
BWA · 10-K filed 11 Feb 2026 · year to 31 Dec 2025

BorgWarner

36 named things its latest annual report says its results depend on, each in the company's own words. 30 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Volkswagen

earns from · approximately 13%named as a risk
Our worldwide sales in 2025 to Volkswagen and Ford constituted approximately 13% and 12% of our 2025 consolidated net sales, respectively.Risk factors (Item 1A)

Also named by AN, LEA, MOD, THO

Ford

earns from · approximately 12%named as a risk
Our worldwide sales in 2025 to Volkswagen and Ford constituted approximately 13% and 12% of our 2025 consolidated net sales, respectively.Risk factors (Item 1A)

Also named by LEA, THO

General Motors

earns fromnamed as a risk
All three of our primary North American customers, Ford, Stellantis, and General Motors, have major union contracts with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (or “UAW”).Risk factors (Item 1A)

Also named by ALLY, AN, BRK/B, GNTX, LEA, THO, UHAL/B

Stellantis

earns fromnamed as a risk
All three of our primary North American customers, Ford, Stellantis, and General Motors, have major union contracts with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (or “UAW”).Risk factors (Item 1A)

Also named by ACHR, ALLY, AN, LEA, MOD, THO

Partners and platforms

NSK Ltd.

50%
BorgWarner Inc. owns 50% of NSK-Warner, which has a 40% interest in BorgWarner Transmission Systems Korea Ltd.Business (Item 1)

International Material Data System (IMDS)

depends on
The Company demonstrates material content compliance through the International Material Data System (“IMDS”), which is the automotive industry material data system.Business (Item 1)

Other companies

PHINIA Inc.

$78 millionnamed as a risk
On October 15, 2025, the Company entered into a settlement agreement (the “Settlement Agreement”) with PHINIA, pursuant to which PHINIA agreed to pay the Company $78 million, resolving the lawsuit and certain other matters relating to the spin-off.Risk factors (Item 1A)

Light vehicle turbochargers

earns from · approximately 21%
Sales of turbochargers for light vehicles represented approximately 21%, 21% and 22% of the Company’s net sales for the years ended December 31, 2025, 2024 and 2023, respectively.Business (Item 1)

United Auto Workers (UAW)

named as a risk
Because of domestic OEMs’ dependence on a single union, we are affected by labor difficulties and work stoppages at OEMs’ facilities, such as the UAW strikes that occurred in 2023.Risk factors (Item 1A)

Also named by DCH, DE, F, GM, HWM, LEA, OSK

Competitors

Robert Bosch GmbH

competes with
The Company’s major non-OEM competitors are Robert Bosch GmbH, Denso Corporation, Garrett Motion, Hitachi, Ltd., Magna Powertrain (an operating unit of Magna International Inc.), Valeo, Schaeffler Group and Contemporary Amperex Technology Co., Limited.Business (Item 1)

Also named by CMI, JCI

Denso Corporation

competes with
The Company’s major non-OEM competitors are Robert Bosch GmbH, Denso Corporation, Garrett Motion, Hitachi, Ltd., Magna Powertrain (an operating unit of Magna International Inc.), Valeo, Schaeffler Group and Contemporary Amperex Technology Co., Limited.Business (Item 1)

Also named by SWKS

Contemporary Amperex Technology Co., Limited (CATL)

competes with
The Company’s major non-OEM competitors are Robert Bosch GmbH, Denso Corporation, Garrett Motion, Hitachi, Ltd., Magna Powertrain (an operating unit of Magna International Inc.), Valeo, Schaeffler Group and Contemporary Amperex Technology Co., Limited.Business (Item 1)

Also named by TSLA

Garrett Motion

competes with
The Company’s major non-OEM competitors are Robert Bosch GmbH, Denso Corporation, Garrett Motion, Hitachi, Ltd., Magna Powertrain (an operating unit of Magna International Inc.), Valeo, Schaeffler Group and Contemporary Amperex Technology Co., Limited.Business (Item 1)

Places

China

earns from · approximately 21% of our consolidated net salesnamed as a risk
For 2025, approximately 21% of our consolidated net sales were attributable to China.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Mexico

depends on · approximately 68%named as a risk
Approximately 68% of that value originated in Mexico, approximately 9% originated in Canada and approximately 6% originated in South Korea.Risk factors (Item 1A)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

Canada

depends on · approximately 9%named as a risk
Approximately 68% of that value originated in Mexico, approximately 9% originated in Canada and approximately 6% originated in South Korea.Risk factors (Item 1A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

New York

operates in · Approximately 13% of the Company’s U.S. workforcenamed as a risk
We have a domestic collective bargaining agreement for one facility in New York, which expires in September 2028.Risk factors (Item 1A)

Also named by ABR, AXP, BJ, BPOP, BRO, CHE, CINF, CNC and 12 more

South Korea

depends on · approximately 6%named as a risk
Approximately 68% of that value originated in Mexico, approximately 9% originated in Canada and approximately 6% originated in South Korea.Risk factors (Item 1A)

Also named by AAPL, ALAB, AMAT, BE, CPNG, CROX, ENTG, FAST and 11 more

United States

earns from · approximately 16% of the Company’s net sales
During the year ended December 31, 2025, approximately 16% of the Company’s net sales were generated in the United States, and 84% were generated outside the United States.Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Commodities and inputs

Aluminum

exposed to its pricenamed as a risk
We use a variety of commodities (including aluminum, copper, nickel, plastic resins, steel, other raw materials and energy) and materials purchased in various forms such as castings, powder metal, forgings, stampings and bar stock.Risk factors (Item 1A)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, CAG and 59 more

Copper

exposed to its pricenamed as a risk
We use a variety of commodities (including aluminum, copper, nickel, plastic resins, steel, other raw materials and energy) and materials purchased in various forms such as castings, powder metal, forgings, stampings and bar stock.Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, CARR and 58 more

Steel

exposed to its pricenamed as a risk
We use a variety of commodities (including aluminum, copper, nickel, plastic resins, steel, other raw materials and energy) and materials purchased in various forms such as castings, powder metal, forgings, stampings and bar stock.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Natural gas

exposed to its pricenamed as a risk
Greenhouse gas regulation could increase the price of the electricity we purchase, increase costs for use of natural gas, potentially restrict access to or the use of natural gas, require us to purchase allowances to offset our own emissions or result in an overall increase in costs of raw materials, any one of which could increase our costs, reduce competitiveness in a global economy or otherwise negatively affect our financial condition, results of operations and reputation.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Euro

exposed to its pricenamed as a risk
Additionally, significant changes in currency exchange rates, particularly the Euro, Korean Won and Chinese Renminbi, could cause fluctuations in the reported results of our businesses’ operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Chinese Renminbi

exposed to its pricenamed as a risk
Additionally, significant changes in currency exchange rates, particularly the Euro, Korean Won and Chinese Renminbi, could cause fluctuations in the reported results of our businesses’ operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by AAOI, ALB, AOS, APD, BBW, CGNX, COHR, DD and 15 more

Nickel

exposed to its pricenamed as a risk
We use a variety of commodities (including aluminum, copper, nickel, plastic resins, steel, other raw materials and energy) and materials purchased in various forms such as castings, powder metal, forgings, stampings and bar stock.Risk factors (Item 1A)

Also named by ALSN, ATI, CRS, FLS, HON, HWM, LNG, MOD and 4 more

Korean Won

exposed to its pricenamed as a risk
Additionally, significant changes in currency exchange rates, particularly the Euro, Korean Won and Chinese Renminbi, could cause fluctuations in the reported results of our businesses’ operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by CB, CPNG

Semiconductor chips

depends on
The Company uses a variety of raw materials in the production of its products, including aluminum, copper, nickel, plastic resins, steel, magnets, certain alloy elements and semiconductor chips.Business (Item 1)

Also named by AME, CTOS, CVLG, EQIX, GEV, RBRK, RMD, THO

Regulators

U.S. Environmental Protection Agency (EPA)

subject tonamed as a risk
We and certain of our current and former direct and indirect corporate predecessors, subsidiaries and divisions have been identified by the United States Environmental Protection Agency and certain state environmental agencies and private parties as potentially responsible parties at various hazardous waste disposal sites under the Comprehensive Environmental Response, Compensation and Liability Act and equivalent state laws, and, as such, may be liable for the cost of clean-up and other remedial activities at such sites.Risk factors (Item 1A)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

Laws and programs

Foreign Corrupt Practices Act

subject tonamed as a risk
Compliance-related issues in certain countries associated with laws such as the Foreign Corrupt Practices Act and other anti-corruption laws could adversely affect our business.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk
There can be no assurance that the USMCA will be renewed or, if renewed, any newly negotiated terms in the USMCA will not adversely affect our business.Risk factors (Item 1A)

Also named by AYI, BMI, CLF, CMI, CP, CW, DCH, DE and 29 more

U.S. tariffs on imports

subject tonamed as a risk
These tariffs have increased the cost of raw materials and components we purchase, and to the extent the tariffs announced to date or announced in the future become or remain effective and are maintained, these tariffs would likely further increase the cost of raw materials and components we purchase.Risk factors (Item 1A)

Also named by AAP, ABT, ALLY, ATR, AZO, BBW, CMG, DG and 19 more

Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

subject tonamed as a risk
We and certain of our current and former direct and indirect corporate predecessors, subsidiaries and divisions have been identified by the United States Environmental Protection Agency and certain state environmental agencies and private parties as potentially responsible parties at various hazardous waste disposal sites under the Comprehensive Environmental Response, Compensation and Liability Act and equivalent state laws, and, as such, may be liable for the cost of clean-up and other remedial activities at such sites.Risk factors (Item 1A)

Also named by ALSN, AME, BRK/B, CLH, CMI, DD, GIS, GVA and 10 more

Vehicle emissions standards

subject tonamed as a risk
Any potential alleged violations by BorgWarner of existing or future emissions standards could result in government investigations and other legal proceedings, the recall of one or more of our products, negotiated remedial actions, fines, disgorgement of profits, restricted product offerings, reputational harm or a combination of any of those items.Risk factors (Item 1A)

One Big Beautiful Bill Act (OBBBA)

subject to
The OBBBA made permanent or extended several provisions from the Tax Cuts and Jobs Act of 2017, including the restoration of expensing of domestic research and development expenditures.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

Technology

Electric vehicles

earns from · approximately $2.6 billionnamed as a risk
If the overall adoption of electric vehicles continues to be slower as compared to our expectations, we may not only fail to realize expected rates of return on our existing investments, we may also incur further losses on such investments.Risk factors (Item 1A)

Also named by AAP, ALB, AZO, GPC, LKQ, ON, PRM, SUN and 1 more