Delphi rebrands autonomous driving business ‘Aptiv’
Car component manufacturing giant Delphi Automotive is a major player in the trends sweeping the auto industry, and it’s making an explicit play to dominate those trends even more with a recent rebranding. The company’s business that focuses on automated driving and electrification – two of the biggest factors in the future of cars – will be renamed Aptiv.
Delphi’s share price has appreciated by 47%, year to date
SOURCE: Yahoo Finance
Delphi’s current CEO, Kevin Clark, as well as the company’s chief technology officer, Glen De Vos, will occupy those roles at Aptiv, once the parent company’s spin off of its traditional powertrain business is completed. This is a strong indication of what Delphi is prioritizing at the moment – and given recent moves by governments across the globe to phase out diesel engines, it makes sense. The world is going green, and getting smart.
The company said that Aptiv was chosen because the name reflects adaptiveness. Aptiv will focus on the “brain” element of self-driving vehicles, as well as their sensing capabilities. With Clark committed to the new business, the rest of Delphi will be headed up by current powertrain president Liam Butterworth.
Aptiv is likely to continue the work in automation and electrification that has so far been conducted under the Delphi banner. This work includes partnerships with companies like Intel, as well as Mobileye (which Delphi recently bought).
Dominion holds Delphi Automotive in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.