Delphi Automotive’s (DLPH) board of directors formally approved the spinoff of its powertrain business earlier this month and set today, December 4th as the distribution date. Shareholders as of November 22nd will receive 1 share of the new Delphi Technologies for every 3 shares of Delphi Automotive currently owned. Immediately after the spin, the parent company will rename… Read More »
Delphi Automotive (DLPH) announced it was spinning off its powertrain segment back in May in order to better highlight its burgeoning electronics business. Now the two ‘new’ companies have names and oh boy, they’re ‘good’ ones. Lets start with the electronics business will be called Aptiv and will trade under the ticker ‘APTV’. No, no one is being… Read More »
In case you haven’t noticed, the automotive space is undergoing a few changes. New players are muscling in and the entire supply chain – from the OEMs all the way down to the Tier 3s – are under siege. As a result, everyone is scrambling to secure their part in the automobile of the future which many expect… Read More »