Delphi Finalizes Spin-Off

Delphi Automotive plc has completed the separation of its powertrain and mobility businesses into stand-alone companies: Delphi Technologies plc and Aptiv plc.

Aptiv now will be traded under the symbol “APTV,” while Delphi Technologies will continue to be abbreviated as “DLPH.” Both companies are based in the U.K.

Comprised of Delphi’s former electronics, safety and electrical/electronic architecture businesses, Aptiv’s business focuses on active safety, autonomous driving, enhanced user experiences and connected services. It’s headed by Kevin Clark, who had been CEO of Delphi Automotive.

Delphi Technologies provides combustion systems, electrification products and software and controls for global automotive, commercial vehicle and aftermarket customers. The unit’s CEO, Liam Butterworth, had been Delphi Automotive’s senior vice president in charge of powertrain operations.