A lubricant composition includes a lubricating base oil, a controlled release friction modifier, a dispersant, a viscosity modifier and a cleanliness booster. The controlled release friction modifier is an ashless, dispersant-stabilized, borated controlled release friction modifier including an ionic tetrahedral borate compound including a cation and a tetrahedral borate anion, wherein the tetrahedral borate anion includes a boron atom having two bidentate di-oxo ligands of C18 tartrimide.