Delphi Automotive PLC Consumer Goods | Auto Parts | United Kingdom Delphi Automotive PLC, together with its subsidiaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through three segments: Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety. The Electrical/Electronic Architecture segment offers complete design of the vehicle's electrical architecture, including connectors, wiring assemblies and harnesses, electrical centers, and hybrid high voltage and safety distribution systems. The Powertrain Systems segment offers systems integration of end-to-end gasoline and diesel engine management systems comprising fuel handling, fuel injection, combustion, electronic controls, test and validation capabilities, electric and hybrid electric vehicle power electronics, aftermarket, and original equipment services. The Electronics and Safety segment provides critical components, systems, and software for passenger safety, security, comfort, and infotainment, as well as vehicle operation consisting of body controls, infotainment and connectivity systems, passive and active safety electronics, autonomous driving technologies and displays. This segment also develops software. The company sells its products to the original equipment manufacturers (OEMs); and aftermarket for replacement parts, including the aftermarket operations of its OEM customers, as well as to other distributors and retailers. Delphi Automotive PLC is based in Gillingham, the United Kingdom.
Delphi acquires autonomous driving specialist nuTonomy Delphi Automotive ($DLPH +0.3%) announces the acquisition of nuTonomy for an upfront purchase price of $400M and earn-outs totaling about $50M. The company says the transaction will accelerate its commercialization of autonomous driving and automated mobility. Upon completion of the transaction, Delphi will have AD operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley. The acquisition of nuTonomy is the latest in a series of investments that Delphi has made to expand its leadership position in the new mobility space, including the acquisition of AD software developer Ottomatika and data service companies Control-Tec and Movimento. The transaction is expected to close before the end of the year.
Of course right after I proclaim this as one of the most solid stocks, it went right into a pullback 2 months ago. And of course right after I start this thread, they announce that there will be a ticker change. What's happening? They announced they were going to spinoff a new company DLPH that would be the powertrain systems, while the old DLPH would transition to APTV (the autonomous business). I think; I'm not sure if old DLPH shares will become new APTV shares, I just understand that you will get 1 new DLPH share for every 3 old DLPH shares.
