Aptiv's (APTV) fourth-quarter 2022 revenues surge year over year.
Aptiv PLC (APTV) delivered earnings and revenue surprises of 6.72% and 5.97%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent price cuts by its client Tesla Inc and other automakers. Tesla slashed prices globally on its electric vehicles by as much as 20% earlier this year to stoke demand, triggering a price war. Production levels are being closely watched at automakers as they try and ramp output at a time analysts have raised the prospect of a demand destruction due to a worsening economic environment.