Short introduction to Aptiv PLC ‘s corporate evolution
Established in 1994, Aptiv PLC is a multinational automotive parts provider based in Dublin, Ireland. The company employed approximately 141,000 people across the world in 2019. Aptiv PLC experienced several important corporate events that include four times full or partial renaming of the company, change of corporate leaders, filing for bankruptcy, disputes with local governments, and many other hurdles. One of the most interesting is the mere fact that Aptiv PLC is the fourth renaming trial of the original company. At first, the company was named as Automotive Components Group, which got changed in 1995 to Delphi Automotive Systems. In 2008, the company filed for bankruptcy and sought many ways to come out of the financial insolvency and illiquidity. Some months later, Delphi’s main assets for operations were purchased by some investors and they created a new Delphi Corporation. The old Delphi was given a new name as DPH Holdings Corporation with the remaining assets. The final renaming of the Delphi Corporation took place in 2017, during which the company name, Aptiv PLC, as we know today was formulated. In short, the company has experienced a convoluted corporate dynamic due to allegations associated with different types of events since its establishment.
Business performance of Aptiv PLC
Although Aptiv PLC went through challenging business events, the company’s total assets increased steadily since 2012, reaching over 13 billion U.S. dollars in economic worth in 2019. Despite the fact that Aptiv PLC invested a lot into the research and development strategy in order to become an innovator in the market, the net profit of Aptiv PLC has been experiencing a declining trend since 2015.
Aptiv PLC performs two business segments. First, the signal and power solutions segment provides vehicle electrical systems, connection systems, electrical centers and many additional automobile electronic architecture. Second, the advance safety and user experience business segment offers mostly automobile software and sensing systems that include many differentiated electronics and safety products for vehicles. During the fiscal year of 2019, the company generated most of its revenue from its signal and power solutions business segment.
Firms in the global market for automobile parts
Competition in the market for automobile parts is quite fierce, vibrant and backed by strong business ties that date back to many years of corporate cooperation. This characteristic makes the global market for automotive suppliers immune to disruptions from new entrants into the market. Germany-based Bosch, Continental, and ZF Friedrichshafen, Japanese Denso, and Canadian Magna are the global market leader firms for automotive supplies. During the fiscal year of 2019, the total revenue generated by these five firms amounted to roughly 230 billion U.S. dollars. As the global leader for automobile parts supplier, Bosch generated over 77 billion euros in revenue during the fiscal year of 2019.
In an effort to become a global provider of automotive parts, Aptiv PLC has a long way ahead to pave. As of 2019, Aptiv PLC held the 19th leading global automotive supplier position. The United States is Aptiv's largest market in terms of revenue. In the fiscal year of 2019, Aptiv’s net sales in the U.S. amounted to over 5.3 billion U.S. dollars, making roughly one-third of its total sales.
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In the following 3 chapters, you will quickly find the 14 most important statistics relating to "Aptiv PLC".