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Driving towards an EV Future: BorgWarner posts its 2024 financial results

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By Luke Willetts - 19th March 2025

BorgWarner HQ in Auburn Hills

USA – After the 2023 spin-off of PHINIA, its Fuel Systems & Aftermarket business, into a new, publicly traded entity, CV powertrain components giant, BorgWarner Inc of Auburn Hills, Michigan, USA, has announced its 2024 full-year financial year results, with net sales of USD 14,086 million, a decrease of 0.8% compared to 2023 (14,198 million). Gross profit was up in 2024 with a figure of USD 2,648 million compared to 2023 figures of USD 2,568 million. Operating income was USD 1,417 million, or 10.1% of net sales, with free cash flow of USD 729 million.

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