Reported 1 day ago
Aptiv announced plans to spin off its electrical distribution systems (EDS) business into a separate entity to concentrate on advanced driver assistance technologies, leading to a 5% rise in its shares. This decision follows a reduction in the company's annual sales forecast amid a challenging market for automakers. Analysts view the spin-off as a 'value-creating move' since the EDS division has a significantly lower profit margin compared to Aptiv's other business sectors. The separation is anticipated to be completed by March 31, 2026.
Source: YAHOO