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As part of the deal, Hyundai is also getting control of Aptiv, with 85% of the shares. It will be interesting to see what Hyundai will do with it.
by pdevr 2y ago
As part of the deal, Hyundai is also getting control of Aptiv, with 85% of the shares. It will be interesting to see what Hyundai will do with it.
- jcrben 2y agoI don't think so. This is just for Aptiv's investment. Looks like Aptiv (APTV) will remain separate.
- harambae 2y agoAptiv is a ~$21B market cap company and Hyundai didn't buy any portion of Aptiv (as far as I know). Hyundai and Aptiv were joint venture owners of Motional (50/50). Motional is privately held and worth around $4B or $5B. Hyundai bought out some of Aptiv's stake and also invested some more in Motional. Hyundai spent ~$1B.
- pdevr 2y agoI cannot edit this anymore. Yes, meant that the control Aptiv had over Motional will now be with Hyundai, practically. The point I was trying to make was that this was titled in Aptiv's Q1 presentation [1] as "APTIV EQUITY INTEREST TO BE REDUCED FROM 50% TO 15%". That is, they will offload most of the control to Hyundai. Immediately, Aptiv shares rose. So for some reason, this is seen as a good thing by Aptiv shareholders. My point was and is: Considering the above aspect, it will be interesting to see how Hyundai will make use of it. [1] https://s22.q4cdn.com/336558720/files/doc_presentations/2024/05/Aptiv-Q1-2024-Earnings-Presentation.pdf https://s22.q4cdn.com/336558720/files/doc_presentations/2024...