New company will focus on a car's "brain" and "nervous system"
Major automotive supplier Delphi has separated into two companies, with the powertrain division spinning off to become Delphi Technologies and the rest of the business being renamed to Aptiv, which will focus on “the ‘brain’ and the ‘nervous system’ of the vehicle,” according to Delphi.
Aptiv inherits Delphi’s Electronics & Safety and Electrical/Electronic Architecture divisions and will be heavily involved in autonomous driving technology. In addition, Aptiv will explore advanced safety and next-gen user experiences and connected services. Kevin Clark, who led Delphi before the split, will serve as Aptiv’s CEO.
“The vehicle has evolved and so have we,” Clark said in a release. “We have expanded upon our heritage of industry firsts with advanced software capabilities and deep systems integration expertise, enabling us to develop intelligent solutions to meet mobility’s toughest challenges. The future demands executional excellence, and this is where Aptiv thrives. The name ‘Aptiv’ reflects knowledge, adaptiveness and drive, as well as an ability to not only envision the future, but to make it real.”
Before becoming Aptiv, Delphi was busy partnering with other companies to develop future technologies, mostly revolving around autonomous cars. Earlier this year, Delphi partnered with BMW, Intel, and Mobileye to work on an autonomous vehicle platform that any automaker can adopt instead of designing one from the ground up. It also recently partnered with a company called Transdev to develop autonomous taxis.
Given all of those tech tie-ups, Aptiv is positioned to become yet another big player in the autonomous vehicle space. The name change is subject to shareholder approval at a meeting to be held on November 7.