=Delphi Automotive (DLPH) splits into Delphi Technologies & Aptiv (APTV)

Delphi Automotive PLC has completed the spin-off of its Powertrain segment into Delphi Technologies. The $4.5-billion independent spun-off entity has already started trading on the New York Stock Exchange as DLPH. Delphi Automotive, engaged in developing more connected electronics and safety solutions for a wide array of customers across the globe, will now be known as Aptiv (APTV).

Delphi Technologies, with 5,000 engineers, is built on the legacy of dishing out sophisticated propulsion solutions through combustion systems, software and controls and products electrification for customers across the globe. Liam Butterworth, the newly selected chief executive officer of Delphi Technologies, has said, “We are paving the way towards full electrification with our comprehensive technology portfolio, best-in-class cost structure and a balanced geographic manufacturing footprint with 20 manufacturing facilities and 12 technical centers on three continents.”

Delphi Technologies enjoys a balanced revenue mix, robust cost structure and veteran leadership. Also, the company is capable of complying with the strict automotive regulations, pertaining to lowering of the CO2 and other toxic emissions from combustion engines by a considerable amount.

Aptiv is in a position to solve complicated challenges embedded in greener, safer and more connected mode of transportation. The expertise in software and vehicle architecture will aid in automated driving, improved safety, better user experience, and connected services.