Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Aptiv    APTV   JE00B783TY65

APTIV

(APTV)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Delphi Automotive : CEO says the bad ignition switch was GM's responsibility

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/17/2014 | 10:22am EST
Attorney Feinberg appears before the Senate Commerce, Science and Transportation Subcommittee in Washington

(Reuters) - The chief executive of Delphi Automotive (>> Delphi Automotive PLC), the auto supplier that supplied the defective switch to General Motors Co (>> General Motors Company) that has been linked to at least 13 deaths, said on Thursday that the automaker was responsible for approving the faulty part design.

(Reuters) - The chief executive of Delphi Automotive (>> Delphi Automotive PLC), the auto supplier that supplied the defective switch to General Motors Co (>> General Motors Company) that has been linked to at least 13 deaths, said on Thursday that the automaker was responsible for approving the faulty part design.

Rodney O'Neal, testifying in front of the U.S. Congress, said his company made "the switch that GM approved and wanted.

"GM knowingly approved a final design that included less torque than the original target," he said in prepared written testimony he will make to members of a Senate subcommittee. "In our view, that approval established the final specification."

So far, GM has attributed 13 deaths and 54 crashes to the specific defect, in which the ignition switch can slip from the "run" to the "accessory" position, causing the engine to stall, air bags to not deploy, and a loss of power brakes and power steering.

O'Neal said Delphi has four production lines running to make ignition switches to replace the faulty parts that have been recalled by GM. He said Delphi has shipped more than one million new switches and is on track to deliver more than two million by the end of August.

(Reporting by Ben Klayman in Detroit; Editing by Bernadette Baum)

Stocks treated in this article : General Motors Company, Delphi Automotive PLC
Stocks mentioned in the article
ChangeLast1st jan.
APTIV 0.42% 93.77 Delayed Quote.52.30%
GENERAL MOTORS COMPANY 0.65% 35.54 Delayed Quote.6.25%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APTIV
12/04APTIV : Self-Driving Vehicles en Route to Hazelwood Green
PR
11/19APTIV : Completes Acquisition of gabocom
PR
11/13APTIV : to Present at Barclays 2019 Global Automotive Conference
PR
11/07APTIV : Slide show Q3 results
CO
11/06Leoni plans to kick off sale of wire & cable unit in early 2020 - sources
RE
11/05APTIV : Ex-dividend day for
FA
10/30APTIV : to Present at Baird's 2019 Global Industrial Conference
PR
10/30APTIV : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS ..
AQ
10/30Automakers seeking profitable autonomous safety features - Aptiv CEO
RE
10/30APTIV PLC : Results of Operations and Financial Condition (form 8-K)
AQ
More news
Financials (USD)
Sales 2019 14 311 M
EBIT 2019 1 538 M
Net income 2019 1 004 M
Debt 2019 3 888 M
Yield 2019 0,95%
P/E ratio 2019 24,4x
P/E ratio 2020 17,9x
EV / Sales2019 1,94x
EV / Sales2020 1,82x
Capitalization 23 938 M
Chart APTIV
Duration : Period :
Aptiv Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APTIV
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 97,56  $
Last Close Price 93,77  $
Spread / Highest target 21,6%
Spread / Average Target 4,04%
Spread / Lowest Target -27,5%
EPS Revisions
Managers
NameTitle
Kevin P. Clark President, CEO & Non-Independent Director
Rajiv Lochan Gupta Independent Non-Executive Chairman
William H. Guggina Vice President-Global Operations
Joseph R. Massaro Chief Financial Officer & Senior Vice President
Matthew Peterson Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
APTIV52.30%23 938
DENSO CORPORATION4.25%35 320
CONTINENTAL AG-2.79%25 941
HYUNDAI MOBIS CO., LTD.--.--%19 216
MAGNA INTERNATIONAL INC.14.60%16 370
WEICHAI POWER CO., LTD.61.04%15 496