Aptiv (APTV) announced that its Board of Directors has unanimously approved a plan to separate its Electrical Distribution Systems business from Aptiv, creating two independent companies. The new EDS will be a global provider of low voltage and high voltage electrical architectures for automotive and commercial vehicle markets.
The separation transaction is expected to be effected through a spin-off of EDS, under which Aptiv shareholders will retain their current shares of Aptiv stock and receive a pro-rata dividend of shares of the new EDS company stock. Aptiv is targeting completion of the separation by March 31, 2026.
Aptiv affirmed full-year 2024 outlook, as previously provided on October 31, 2024.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.