Aptiv restructured its ownership in Motional, selling 11% of its common equity interest to Hyundai and exchanging approximately 21% for preferred shares. This resulted in a reduction of Aptiv's common equity interest from 50% to approximately 15%.

Aptiv's Advanced Safety and User Experience segment made an investment of approximately $57 million in preferred equity of MAXIEYE Automotive Technology (Ningbo) Co., Ltd. and approximately $24 million in convertible preferred shares of StradVision, Inc., demonstrating continued investment in automotive technology.

The Company continues to undertake restructuring programs focused on reducing global overhead costs and rotating the manufacturing footprint to best cost locations in Europe, aligning manufacturing capacity with current levels of automotive production in North America and Asia Pacific.

The Board of Directors authorized a share repurchase program of up to $5.0 billion of ordinary shares, commencing in August 2024. The Company entered into ASR agreements to repurchase $3.0 billion of shares, demonstrating a commitment to returning capital to shareholders.

The company worked to mitigate the impact of supply chain disruptions and inflation, including negotiating cost reductions and commodity cost escalation clauses into vehicle manufacturer supply contracts.

In response to the Framework, the Company initiated changes to its corporate entity structure, including intercompany transfers of certain intellectual property to one of its subsidiaries in Switzerland, during the second half of 2023.

The 10-Q highlights that economic volatility or weakness in North America, Europe, China or South America could result in a significant reduction in automotive sales and production, which would adversely affect Aptiv's business.

The conflict between Ukraine and Russia has had, and is expected to continue to have, negative economic impacts. Disruptions in the supply and volatility in the price of raw materials and other inputs produced by Ukraine or Russia, including increased logistics costs and longer transit times, could adversely impact business and results of operations.

Aptiv's estimated total indirect and direct adverse impacts of these labor strikes to revenue during the second half of 2023 were approximately $180 million.

The company's product offerings satisfy the OEMs' needs to meet increasingly stringent government regulations and meet consumer preferences for products that address the mega-trends of Safe, Green and Connected, leading to increased content per vehicle, greater profitability and higher margins.

The rise of advanced software and technologies in vehicles has attracted new and disruptive entrants from outside the traditional automotive supply industry. These entrants may seek to gain access to certain vehicle technology and component markets.

OEMs are increasingly looking to their suppliers to simplify vehicle design and assembly processes to reduce costs and weight. As a result, suppliers that sell vehicle components directly to manufacturers (Tier I suppliers) have assumed many of the design, engineering, research and development and assembly functions traditionally performed by vehicle manufacturers

Aptiv is focused on maintaining a low fixed cost structure that provides flexibility to remain profitable at all points of the traditional vehicle industry production cycle. Approximately 97% of the hourly workforce is located in best cost countries.

Aptiv is actively monitoring and managing inventory levels across all inventory types in order to maximize both supply continuity and the efficient use of working capital.

Aptiv is implementing restructuring programs focused on reducing global overhead costs and rotating the manufacturing footprint to best cost locations in Europe, aligning manufacturing capacity with current levels of automotive production in North America and Asia Pacific.

Aptiv is focused on enabling and delivering end-to-end smart mobility solutions, enabling customers' transition to more electrified, software-defined vehicles, accelerating the commercialization of active safety and autonomous driving technologies and providing enhanced user experience and connected services.

Aptiv acquired Wind River in December 2022. Wind River is a global leader in delivering software for the intelligent edge for multiple industries, including automotive, by leveraging mixed-criticality software products and solutions enabling customers to develop in the cloud, deploy over the air and run and manage software at the vehicle edge.

Aptiv is continuing to develop market-leading automated driving solutions such as automated driving software, key active safety sensing and compute technologies capable of supporting safety-critical applications.

In July 2024, the Board of Directors authorized a share repurchase program of up to $5.0 billion of ordinary shares, which commenced in August 2024 following completion of the Company's $2.0 billion January 2019 share repurchase program.

As part of the Company's share repurchase program, on August 1, 2024, the Company entered into ASR agreements with each of Goldman Sachs International and JPMorgan Chase Bank, N.A. to repurchase an aggregate of $3.0 billion of Aptiv's ordinary shares.

Aptiv is managing capital expenditures to align manufacturing capacity with the current levels of automotive production in North America and Asia Pacific.

The Credit Agreement utilizes the Company's existing sustainability-linked metrics and commitments, that, if achieved, would change the facility fee and interest rate margins

Aptiv's business in China remains sensitive to economic and market conditions that impact automotive sales volumes in China and may be affected if the pace of growth slows as the Chinese market matures or if there are reductions in vehicle demand in China.

The conflict between Ukraine and Russia has had, and is expected to continue to have, negative economic impacts to both countries and to the European and global economies.

Our operations are subject to certain risks inherent in doing business globally, including changes in laws or regulations governing labor, trade, or other monetary or tax fiscal policy changes, including the Organisation for Economic Co-operation and Development (the “OECD”) Pillar Two Framework.