Delphi Automotive will rename itself Aptiv. Photo: Carlos Osorio/Associated PressDETROIT— Delphi Automotive DLPH -4.32% PLC is shedding its name as part of a business makeover to shift from hardware to software. The decision was cheered by Wall Street for creating one of the few larger capitalization “pure plays” on next-generation automotive technology. The company said its hardware-dependent engine parts business will retain the Delphi moniker and be re-christened Delphi Technologies. Aptiv will trade under the stock ticker APTV and Delphi Technologies will trade under the current ticker DLPH, Delphi said.

Source: Wall Street Journal September 27, 2017 13:30 UTC