Public limited company | |
Traded as | |
Industry | Automotive |
Founded | 1994 |
Headquarters | Gillingham, Kent, UK |
Key people
|
Rajiv L. Gupta (Chairman) Kevin P. Clark (President and CEO) |
Products | Vehicle electronics, systems, modules, & components |
Revenue | US$ 17.023 billion (2014) |
US$ 1.847 billion (2014) | |
US$ 1.440 billion (2014) | |
Total assets | US$ 10.746 billion (2014) |
Total equity | US$ 3.013 billion (2014) |
Number of employees
|
147,000 (December 2017) |
Website | aptiv.com |
Aptiv PLC (formerly known as Delphi Automotive PLC) is a global automotive parts technology company focused on future mobility headquartered in Gillingham, Kent, UK.
With offices worldwide, the company operates manufacturing sites, 14 technical centers, and customer centers across 45 countries.
On 5 December 2017, the company changed its name to Aptiv Plc, after spinning off "new" Delphi (Delphi Technologies PLC) which kept trading under the old symbol DLPH, while Aptiv PLC changed its ticker symbol to APTV.
During the Chapter 11 cases, Delphi made substantial progress in identifying and implementing the sale (or receiving Bankruptcy Court approval to sell) or wind down of those facilities and business lines that do not support the company’s future strategic framework, including:
As of December 2017[update], Delphi has two diversified business segments:
On 4 March 2005, Delphi said it had fired its CFO and would restate earnings between 1999, when Delphi spun off from General Motors Corp (GM), and 2004 for improper reporting of rebates, credits, or other payments from suppliers. In June, 2006, Delphi said in a filing that it would restate its 2005 report, which would increase Delphi's reported 2004 net loss by $65 million. In 2013, Delphi became involved in an ongoing lawsuit against GM, because it manufactures ignition switches for the Chevrolet Cobalt, whose original design is alleged to be defective.
Researchers at the University of Massachusetts Amherst identified Delphi corp. as the 21st-largest corporate producer of air pollution in the United States in 2002. According to the study, the manufacturer's most toxic emissions included asbestos (542 lb/yr), chromium compounds (1,082 lb/yr), lead compounds (8,466 lb/yr), and sulfuric acid (17,600 lbs/year), while the most massive emissions were glycol ethers (111,520 lbs/year) and hydrochloric acid (80,000 lb/yr).