Autonomous Vehicle News
Automotive tech supplier Aptiv reported double-digit revenue growth and a surge in net income for the fourth quarter as the company continued to mitigate supply chain uncertainty. Revenue was up in North America, China and Europe, despite macroeconomic uncertainty, supply disruptions and inflationary cost impacts. Aptiv expects those challenges to persist this year and forecasts a 1 percent decrease in global production for 2023 to combat the constraints in each region. Aptiv expects the acquisition to accelerate long-term growth and contribute to a software-defined automotive industry, Clark said. Aptiv expects the stake to enhance its position in vehicle architecture systems, the company said in the statement.