Alan Adler
Tuesday, January 28, 2020
BorgWarner acquires Delphi Technologies in $3.3 billion stock deal
Once the auto industry’s largest supplier, Delphi will disappear as it is absorbed into BorgWarner.
Once the auto industry’s largest supplier, Delphi will disappear as it is absorbed into BorgWarner.
Delphi Technologies (NYSE: DLPH) beat Wall Street’s consensus expectations of its fourth quarter non-GAAP earnings per share (EPS) of $0.88 by 20 percent according to Seeking Alpha. However, quarterly EPS decreased 14.5 percent year-over-year (Y/Y) from $1.24 to $1.06.
The future of transportation is not found in Silicon Valley or Detroit. Singapore will lead the next century of transportation innovation.
Delphi CTO says that autonomous vehicles will come to cities and ports long before they will ever go into the highway or over-the-road trucking markets