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Aptiv PLC (APTV)
- Zacks
Aptiv PLC (APTV) Q1 Earnings Top Estimates
Aptiv (APTV) delivered earnings and revenue surprises of 10.48% and 1.72%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
UPDATE 1-Aptiv to lower equity interest in joint venture with Hyundai, cuts FY sales view
Auto parts supplier Aptiv Plc on Thursday cut its annual sales forecast and said it would reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor. Under the agreement, Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding. The transactions are expected reduce Aptiv's common equity interest from 50% as of March 31, 2024 to about 15%.
- Reuters
Aptiv to lower equity interest in joint venture with Hyundai
Aptiv Plc will reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor, the auto parts supplier said on Thursday. Under the agreement, Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding. The transactions are expected reduce Aptiv's common equity interest from 50% as of March 31, 2024 to about 15%.
