Delphi Technologies

On 5 December 2017 Delphi Automotive renamed itself Aptiv and spun off its powertrain and aftermarket related businesses to a stand-alone company Delphi Technologies PLC. The $4.5 billion company began trading under the former Delphi Automotive symbol DLPH on the New York Stock Exchange.[1][2][3] It was added to the S&P MidCap 400 Index on 6 December 2017.[4]

Delphi Technologies
Public limited company
Traded as
Founded5 December 2017 
Headquarters
London 
,
United States of America 
Websitewww.delphi.com

The company provides combustion systems, electrification products and software and controls, and operates in the passenger car and commercial vehicle markets, and in vehicle repair through a global aftermarket network.[1] The company has 20,000 employees including 5,000 engineers. It is headquartered in London, U.K. and operates technical centers, manufacturing sites and customer support services in 24 countries.[1]

Upon the formation of Delphi Technologies, Liam Butterworth, head of the former Delphi Automotive's global powertrain business since 2014, was named CEO.[5] In October 2018, he left the company, and director and former Tenneco COO Hari Nair was named interim CEO.[6] On 7 January 2019 Richard Dauch was named new CEO.[7]

On 28 January 2020, BorgWarner Inc. agreed to buy Delphi Technologies in an all-stock transaction that values Delphi at about $3.3 billion.[8]

References
  1. "Delphi Technologies completes spinoff into Powertrain and Aftermarket focused stand-alone company". Delphi Technologies website. Dec 5, 2017.
  2. "Delphi Automotive Splits Into Two". Forbes.
  3. "Detroit News: Delphi split aiming to reckon technology, value". Detroit News.
  4. "Delphi Technologies Set to Join S&P MidCap 400 and Frontier Communications to Join S&P SmallCap 600" (PDF). US: SPICE Indices. 28 November 2017. Retrieved 28 November 2017.
  5. "CEO Butterworth: Delphi Tech is not old tech". AutoNews.
  6. "Delphi Tech says CEO steps down, cuts full-year forecasts". Reuters.
  7. "Delphi Tech names Richard Dauch as CEO". AutoNews.
  8. "BorgWarner to Buy Delphi Technologies in $3.3 Billion Deal". Wall Street Journal.
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