Shares of automakers, recreational vehicle makers and auto-parts companies are trading lower after President Trump said in a social media post that tariffs on cars and trucks and automotive parts from Canada will be increased to 50% from January 1, 2027.

B of A Securities Upgrades BorgWarner to Buy, Raises Price Target to $85

Global Battery Thermal Management System Market Size, Share, Growth and Forecast 2026-2035 | EV and Energy Storage Demand Drive 12.7% CAGR Toward USD 13.2 Billion

The global battery thermal management system market is projected to grow from USD 4.2 billion in 2025 to USD 13.2 billion by 2035, expanding at a 12.7% CAGR. Growth is driven by accelerating EV adoption, rising demand for advanced battery storage, stringent safety standards, and renewable energy investments. Active thermal management systems dominate with 47% market share, while passenger vehicles account for 76% of demand. China leads with 55% market share.

UBS Maintains Buy on BorgWarner, Lowers Price Target to $91

UBS analyst Joseph Spak maintains BorgWarner (NYSE:BWA) with a Buy and lowers the price target from $95 to $91.

Morgan Stanley Upgrades BorgWarner to Overweight, Raises Price Target to $95

Morgan Stanley analyst Andrew Percoco upgrades BorgWarner (NYSE:BWA) from Equal-Weight to Overweight and raises the price target from $71 to $95.

Dana Receives European Commission Approval To Acquire Eaton's Mobility Operations

Data Centers Are Running Out of Transformers. Here's the Industrial Stock With a 3-Year Backlog.

Power transformers have become a critical bottleneck in the AI race, with major manufacturers like Eaton experiencing unprecedented demand and multi-year backlogs. Eaton reported record Q2 sales of $8.5 billion (up 21% YoY) with data center revenue growing 65%. The company is separating its Mobility division and combining it with Dana Incorporated to focus on higher-growth electrical and aerospace businesses.