Delphi rebrands autonomous driving business ‘Aptiv’
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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

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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).

Disclosure

Dominion holds Delphi Automotive in its Global Trends Managed Fund. 


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