The multi-billion-dollar successor to that doorbell company, newly formed Aptiv PLC, still sees itself as an innovative start-up, only now it’s developing essential technology for self-driving cars. Aptiv made its debut on the New York Stock Exchange this week, the offspring of auto parts supplier Delphi Automotive, which split itself in two. While Aptiv will focus on high-tech electronics and software for autonomous vehicles, Delphi Technologies will specialize in next-generation powertrain technology, including power electronics (the “brains” that make cars move). Delphi Technologies, with revenue of about $4.5 billion, expects $6 billion by then. The split also marks yet another new beginning for the automotive supplier whose rocky history dates back to Albert and Edward Rockwell and their electric doorbell.
Source: Forbes December 07, 2017 15:11 UTC