AUBURN HILLS, Mich. -- BorgWarner has reported record sales of $1.5 million for the fourth quarter of 2010, up 28 percent from fourth quarter 2009.

The company reported record earnings of 89 cents per diluted share, up 98 percent from 45 cents per diluted share in fourth quarter 2009. Fourth quarter 2009 earnings were 42 cents per diluted share, excluding a non-recurring item. Operating income was $157.4 million, or 10.3 percent of sales.

For the full year, BorgWarner has reported record sales of $5.6 billion, up 42.7 percent from 2009. Operating income was $504 million, or 8.9 percent of sales.

"The fourth quarter was a strong finish to an exceptional year for our company," said Timothy Manganello, chairman and CEO of BorgWarner. "Our sales were up 28 percent in fourth quarter 2010 compared with fourth quarter 2009, or 33 percent excluding the impact of currency, while global vehicle production was up 5 percent. New business growth was the driving force behind our fourth quarter results as it had been throughout the year. Adoption rates of our leading-edge powertrain technology continued to outpace vehicle production growth in every major region of the world. A continued focus on execution at our operations resulted in a strong operating income margin of 10.3 percent in the fourth quarter, up sharply from 5.6 percent a year ago.

"For the full year, we posted record sales and earnings, and our operating income margin was the highest it has been in several years. These are remarkable accomplishments considering they were achieved with depressed volumes and immediately following one of the most difficult periods in our history. However, we do not believe that 2010 was a peak year. In 2011, we expect 16 percent to 20 percent sales growth and 30 percent to 40 percent earnings growth compared with 2010, and an operating income margin of 10.5 percent or better," said Manganello.