BorgWarner Inc. (NYSE:BWA) is in advanced discussions to acquire Delphi Technologies PLC (NYSE:DLPH) in a deal that would unite two auto suppliers positioning for the industry's shift to hybrid and electric vehicles, according to people familiar with the matter. An agreement could be announced as soon as this week, said the people, who asked not to be identified because the talks are private. Negotiations could still fall apart, they said.

The deal could become BorgWarner's biggest to date if it surpasses the $950 million acquisition of Remy International Inc. in 2015, according to data compiled by Bloomberg. Representatives for Delphi and BorgWarner declined to comment.