Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter [Reuters]
Aptiv PLC Ordinary Shares (APTV)
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Source: Reuters
Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter By Reuters Staff 2 Min Read Sept 10 (Reuters) - Auto parts supplier Aptiv Plc is facing significant semiconductor supply constraints in the third quarter due to the fast-spreading Delta variant of the coronavirus in Southeast Asia, Chief Financial Officer Joseph Massaro said on Friday. Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production closures, Massaro said, speaking at the RBC Capital Markets industrials conference. “We have had semiconductor suppliers industry wide who have been closed for a couple of weeks at a time. We had one that was closed for a couple of weeks, open for a period of time and then reclosed.” Automakers from General Motors to Japan’s Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs. Massaro said the company had initia
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News
- Automotive Electronics market is projected to grow at a CAGR of 8.7% by 2034: Visiongain [Yahoo! Finance]Yahoo! Finance
- Aptiv PLC (NYSE: APTV) had its price target lowered by analysts at Barclays PLC from $112.00 to $110.00. They now have an "overweight" rating on the stock.MarketBeat
- Is There An Opportunity With Aptiv PLC's (NYSE:APTV) 20% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- Aptiv PLC (NYSE: APTV) had its price target lowered by analysts at Wells Fargo & Company from $84.00 to $83.00.MarketBeat
- Aptiv PLC (NYSE: APTV) had its price target raised by analysts at UBS Group AG from $107.00 to $110.00.MarketBeat
APTV
Earnings
- 1/31/24 - Beat
APTV
Sec Filings
- 4/15/24 - Form 144
- 4/4/24 - Form 4
- 3/28/24 - Form 10-K/A
- APTV's page on the SEC website