Partnership ImpactAptiv PLC's stock was affected negatively when VW partnered with RIVN for zonal architectures, impacting Aptiv's backlog.
Production Schedules2024 GoM guidance was lowered to 4% from 6%, reflecting weaker production schedules with four customers.
Sales GuidanceAptiv lowered its 2024 revenue guidance to $20.1-$20.4 billion, reflecting an assumption of global vehicle production declining by 3%.