Intrinsic value of Delphi Technologies - DLPH

Previous Close

$44.82

  Intrinsic Value

$78.50

stock screener

  Rating & Target

str. buy

+75%

Previous close

$44.82

 
Intrinsic value

$78.50

 
Up/down potential

+75%

 
Rating

str. buy

We calculate the intrinsic value of DLPH stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.57
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.27
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
Revenue, $m
  5,242
  5,650
  6,074
  6,515
  6,974
  7,450
  7,945
  8,460
  8,996
  9,554
  10,135
  10,741
  11,372
  12,030
  12,717
  13,434
  14,182
  14,965
  15,783
  16,638
  17,533
  18,469
  19,449
  20,474
  21,549
  22,674
  23,853
  25,089
  26,384
  27,742
Variable operating expenses, $m
  3,569
  3,846
  4,135
  4,434
  4,746
  5,069
  5,406
  5,755
  6,120
  6,498
  6,885
  7,296
  7,725
  8,172
  8,639
  9,126
  9,634
  10,166
  10,721
  11,302
  11,910
  12,546
  13,212
  13,908
  14,638
  15,403
  16,204
  17,043
  17,923
  18,845
Fixed operating expenses, $m
  1,164
  1,190
  1,216
  1,243
  1,270
  1,298
  1,326
  1,356
  1,385
  1,416
  1,447
  1,479
  1,511
  1,545
  1,579
  1,613
  1,649
  1,685
  1,722
  1,760
  1,799
  1,838
  1,879
  1,920
  1,962
  2,006
  2,050
  2,095
  2,141
  2,188
Total operating expenses, $m
  4,733
  5,036
  5,351
  5,677
  6,016
  6,367
  6,732
  7,111
  7,505
  7,914
  8,332
  8,775
  9,236
  9,717
  10,218
  10,739
  11,283
  11,851
  12,443
  13,062
  13,709
  14,384
  15,091
  15,828
  16,600
  17,409
  18,254
  19,138
  20,064
  21,033
Operating income, $m
  509
  614
  724
  839
  958
  1,083
  1,213
  1,349
  1,491
  1,640
  1,803
  1,966
  2,135
  2,313
  2,499
  2,695
  2,899
  3,114
  3,339
  3,576
  3,824
  4,084
  4,358
  4,646
  4,948
  5,266
  5,600
  5,951
  6,320
  6,709
EBITDA, $m
  660
  776
  897
  1,024
  1,156
  1,294
  1,438
  1,588
  1,744
  1,908
  2,079
  2,258
  2,445
  2,640
  2,845
  3,060
  3,285
  3,521
  3,768
  4,028
  4,301
  4,587
  4,887
  5,203
  5,534
  5,883
  6,249
  6,633
  7,038
  7,463
Interest expense (income), $m
  145
  83
  90
  105
  122
  138
  156
  174
  193
  212
  233
  254
  276
  299
  323
  348
  374
  401
  430
  460
  491
  523
  557
  593
  630
  669
  710
  753
  798
  845
  894
Earnings before tax, $m
  426
  524
  619
  717
  820
  927
  1,039
  1,157
  1,279
  1,407
  1,549
  1,690
  1,836
  1,990
  2,151
  2,320
  2,498
  2,684
  2,879
  3,085
  3,300
  3,527
  3,765
  4,016
  4,279
  4,556
  4,847
  5,153
  5,476
  5,815
Tax expense, $m
  115
  142
  167
  194
  221
  250
  281
  312
  345
  380
  418
  456
  496
  537
  581
  627
  674
  725
  777
  833
  891
  952
  1,017
  1,084
  1,155
  1,230
  1,309
  1,391
  1,478
  1,570
Net income, $m
  311
  383
  452
  523
  599
  677
  759
  844
  934
  1,027
  1,131
  1,233
  1,341
  1,453
  1,571
  1,694
  1,823
  1,959
  2,102
  2,252
  2,409
  2,575
  2,749
  2,931
  3,124
  3,326
  3,538
  3,762
  3,997
  4,245

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,102
  4,421
  4,753
  5,098
  5,457
  5,830
  6,217
  6,620
  7,039
  7,476
  7,931
  8,404
  8,898
  9,413
  9,950
  10,511
  11,097
  11,710
  12,350
  13,019
  13,719
  14,451
  15,218
  16,021
  16,861
  17,742
  18,665
  19,631
  20,645
  21,707
Adjusted assets (=assets-cash), $m
  4,102
  4,421
  4,753
  5,098
  5,457
  5,830
  6,217
  6,620
  7,039
  7,476
  7,931
  8,404
  8,898
  9,413
  9,950
  10,511
  11,097
  11,710
  12,350
  13,019
  13,719
  14,451
  15,218
  16,021
  16,861
  17,742
  18,665
  19,631
  20,645
  21,707
Revenue / Adjusted assets
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
  1.278
Average production assets, $m
  1,426
  1,537
  1,652
  1,772
  1,897
  2,026
  2,161
  2,301
  2,447
  2,599
  2,757
  2,921
  3,093
  3,272
  3,459
  3,654
  3,858
  4,070
  4,293
  4,526
  4,769
  5,023
  5,290
  5,569
  5,861
  6,167
  6,488
  6,824
  7,176
  7,546
Working capital, $m
  -467
  -503
  -541
  -580
  -621
  -663
  -707
  -753
  -801
  -850
  -902
  -956
  -1,012
  -1,071
  -1,132
  -1,196
  -1,262
  -1,332
  -1,405
  -1,481
  -1,560
  -1,644
  -1,731
  -1,822
  -1,918
  -2,018
  -2,123
  -2,233
  -2,348
  -2,469
Total debt, $m
  1,665
  1,953
  2,252
  2,562
  2,885
  3,221
  3,569
  3,932
  4,309
  4,702
  5,111
  5,538
  5,982
  6,446
  6,929
  7,434
  7,962
  8,513
  9,089
  9,691
  10,321
  10,980
  11,670
  12,393
  13,149
  13,942
  14,772
  15,642
  16,554
  17,511
Total liabilities, $m
  3,691
  3,979
  4,278
  4,588
  4,911
  5,247
  5,595
  5,958
  6,335
  6,728
  7,137
  7,564
  8,008
  8,472
  8,955
  9,460
  9,988
  10,539
  11,115
  11,717
  12,347
  13,006
  13,696
  14,419
  15,175
  15,968
  16,798
  17,668
  18,580
  19,537
Total equity, $m
  410
  442
  475
  510
  546
  583
  622
  662
  704
  748
  793
  840
  890
  941
  995
  1,051
  1,110
  1,171
  1,235
  1,302
  1,372
  1,445
  1,522
  1,602
  1,686
  1,774
  1,866
  1,963
  2,064
  2,171
Total liabilities and equity, $m
  4,101
  4,421
  4,753
  5,098
  5,457
  5,830
  6,217
  6,620
  7,039
  7,476
  7,930
  8,404
  8,898
  9,413
  9,950
  10,511
  11,098
  11,710
  12,350
  13,019
  13,719
  14,451
  15,218
  16,021
  16,861
  17,742
  18,664
  19,631
  20,644
  21,708
Debt-to-equity ratio
  4.060
  4.420
  4.740
  5.030
  5.290
  5.520
  5.740
  5.940
  6.120
  6.290
  6.450
  6.590
  6.720
  6.850
  6.960
  7.070
  7.170
  7.270
  7.360
  7.440
  7.520
  7.600
  7.670
  7.740
  7.800
  7.860
  7.910
  7.970
  8.020
  8.070
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  311
  383
  452
  523
  599
  677
  759
  844
  934
  1,027
  1,131
  1,233
  1,341
  1,453
  1,571
  1,694
  1,823
  1,959
  2,102
  2,252
  2,409
  2,575
  2,749
  2,931
  3,124
  3,326
  3,538
  3,762
  3,997
  4,245
Depreciation, amort., depletion, $m
  151
  162
  173
  185
  198
  211
  224
  238
  253
  268
  276
  292
  309
  327
  346
  365
  386
  407
  429
  453
  477
  502
  529
  557
  586
  617
  649
  682
  718
  755
Funds from operations, $m
  462
  545
  625
  709
  796
  888
  983
  1,083
  1,187
  1,295
  1,407
  1,525
  1,650
  1,780
  1,916
  2,059
  2,209
  2,366
  2,531
  2,704
  2,886
  3,077
  3,278
  3,488
  3,710
  3,942
  4,187
  4,444
  4,715
  4,999
Change in working capital, $m
  -35
  -36
  -38
  -39
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -59
  -61
  -64
  -67
  -70
  -73
  -76
  -80
  -83
  -87
  -91
  -96
  -100
  -105
  -110
  -115
  -121
Cash from operations, $m
  497
  581
  663
  748
  837
  930
  1,027
  1,129
  1,234
  1,345
  1,458
  1,579
  1,706
  1,839
  1,978
  2,123
  2,276
  2,436
  2,604
  2,781
  2,966
  3,160
  3,365
  3,580
  3,805
  4,043
  4,292
  4,554
  4,830
  5,120
Maintenance CAPEX, $m
  -132
  -143
  -154
  -165
  -177
  -190
  -203
  -216
  -230
  -245
  -260
  -276
  -292
  -309
  -327
  -346
  -365
  -386
  -407
  -429
  -453
  -477
  -502
  -529
  -557
  -586
  -617
  -649
  -682
  -718
New CAPEX, $m
  -107
  -111
  -115
  -120
  -125
  -130
  -135
  -140
  -146
  -152
  -158
  -165
  -172
  -179
  -187
  -195
  -204
  -213
  -222
  -233
  -243
  -255
  -267
  -279
  -292
  -306
  -321
  -336
  -352
  -369
Cash from investing activities, $m
  -239
  -254
  -269
  -285
  -302
  -320
  -338
  -356
  -376
  -397
  -418
  -441
  -464
  -488
  -514
  -541
  -569
  -599
  -629
  -662
  -696
  -732
  -769
  -808
  -849
  -892
  -938
  -985
  -1,034
  -1,087
Free cash flow, $m
  258
  327
  394
  463
  535
  611
  690
  772
  858
  949
  1,040
  1,139
  1,242
  1,350
  1,464
  1,582
  1,707
  1,837
  1,975
  2,119
  2,270
  2,429
  2,596
  2,772
  2,956
  3,150
  3,355
  3,569
  3,795
  4,033
Issuance/(repayment) of debt, $m
  130
  288
  299
  311
  323
  335
  349
  363
  377
  393
  409
  426
  444
  464
  484
  505
  527
  551
  576
  602
  630
  659
  690
  722
  757
  793
  830
  870
  912
  956
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  130
  288
  299
  311
  323
  335
  349
  363
  377
  393
  409
  426
  444
  464
  484
  505
  527
  551
  576
  602
  630
  659
  690
  722
  757
  793
  830
  870
  912
  956
Total cash flow (excl. dividends), $m
  388
  615
  692
  774
  858
  946
  1,039
  1,135
  1,236
  1,341
  1,450
  1,565
  1,687
  1,814
  1,947
  2,087
  2,234
  2,388
  2,551
  2,721
  2,900
  3,088
  3,286
  3,494
  3,713
  3,943
  4,185
  4,440
  4,707
  4,989
Retained Cash Flow (-), $m
  -178
  -32
  -33
  -35
  -36
  -37
  -39
  -40
  -42
  -44
  -45
  -47
  -49
  -52
  -54
  -56
  -59
  -61
  -64
  -67
  -70
  -73
  -77
  -80
  -84
  -88
  -92
  -97
  -101
  -106
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  19
  21
  23
  24
  26
  28
  30
  32
  34
  36
  38
  41
  43
  45
  48
  51
  54
  57
  60
  63
  67
  70
  74
  78
  82
  86
  91
  95
  100
  106
Cash available for distribution, $m
  210
  583
  659
  739
  822
  909
  1,000
  1,095
  1,194
  1,298
  1,404
  1,518
  1,637
  1,762
  1,893
  2,031
  2,176
  2,327
  2,487
  2,654
  2,830
  3,015
  3,209
  3,414
  3,629
  3,855
  4,093
  4,343
  4,606
  4,883
Discount rate, %
  7.70
  8.09
  8.49
  8.91
  9.36
  9.83
  10.32
  10.83
  11.38
  11.95
  12.54
  13.17
  13.83
  14.52
  15.25
  16.01
  16.81
  17.65
  18.53
  19.46
  20.43
  21.45
  22.52
  23.65
  24.83
  26.07
  27.38
  28.75
  30.18
  31.69
PV of cash for distribution, $m
  195
  499
  516
  525
  526
  518
  503
  481
  453
  420
  383
  344
  304
  264
  225
  189
  155
  125
  98
  76
  57
  42
  30
  21
  14
  9
  6
  4
  2
  1
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company's segments include Electrical/Electronic Architecture, and Electronics & Safety. The Electrical/Electronic Architecture segment provides complete design of the vehicle's electrical architecture, including connectors, wiring assemblies and harnesses, electrical centers and hybrid high voltage and safety distribution systems. The Electronics and Safety segment offers a range of electronic and safety equipment and software in the areas of controls, security, infotainment, communications and safety systems.

FINANCIAL RATIOS  of  Delphi Technologies (DLPH)

Valuation Ratios
P/E Ratio 9.6
Price to Sales 0.7
Price to Book 5
Price to Tangible Book
Price to Cash Flow 6.2
Price to Free Cash Flow 10.9
Growth Rates
Sales Growth Rate 9.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 17.6%
Cap. Spend. - 3 Yr. Gr. Rate 6.5%
Financial Strength
Quick Ratio 70
Current Ratio 0
LT Debt to Equity 164.9%
Total Debt to Equity 165.4%
Interest Coverage 11
Management Effectiveness
Return On Assets 11.4%
Ret/ On Assets - 3 Yr. Avg. 12.7%
Return On Total Capital 19.9%
Ret/ On T. Cap. - 3 Yr. Avg. 24%
Return On Equity 54.1%
Return On Equity - 3 Yr. Avg. 54.9%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 21.3%
Gross Margin - 3 Yr. Avg. 20.2%
EBITDA Margin 13.6%
EBITDA Margin - 3 Yr. Avg. 14.2%
Operating Margin 11.2%
Oper. Margin - 3 Yr. Avg. 11%
Pre-Tax Margin 8.6%
Pre-Tax Margin - 3 Yr. Avg. 9.6%
Net Profit Margin 7.5%
Net Profit Margin - 3 Yr. Avg. 8.6%
Effective Tax Rate 17%
Eff/ Tax Rate - 3 Yr. Avg. 16.7%
Payout Ratio 25.2%

DLPH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DLPH stock intrinsic value calculation we used $4849 million for the last fiscal year's total revenue generated by Delphi Technologies. The default revenue input number comes from 2017 income statement of Delphi Technologies. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our DLPH stock valuation model: a) initial revenue growth rate of 8.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.7%, whose default value for DLPH is calculated based on our internal credit rating of Delphi Technologies, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Delphi Technologies.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of DLPH stock the variable cost ratio is equal to 68.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1139 million in the base year in the intrinsic value calculation for DLPH stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Delphi Technologies.

Corporate tax rate of 27% is the nominal tax rate for Delphi Technologies. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the DLPH stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for DLPH are equal to 27.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Delphi Technologies operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for DLPH is equal to -8.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $232 million for Delphi Technologies - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 89 million for Delphi Technologies is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Delphi Technologies at the current share price and the inputted number of shares is $4.0 billion.

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COMPANY NEWS

▶ [$$] Autoliv and Delphi: A Tale of Two Spinoffs   [Jul-20-18 12:18PM  Barrons.com]
▶ Delphi shares rally after Morgan Stanley upgrade to buy   [Jul-09-18 11:16AM  MarketWatch]
▶ Delphi Technologies declares quarterly dividend   [Apr-25-18 05:00PM  PR Newswire]
▶ 3 Auto Stocks That Can Lead the Pack   [Apr-19-18 11:44AM  Investopedia]
▶ Auto Suppliers Get It in Gear on Bullish Note   [Apr-16-18 02:32PM  Barrons.com]
▶ Aptiv misses 4Q profit forecasts   [Feb-01-18 12:58PM  Associated Press]
▶ Delphi Automotive misses 4Q profit forecasts   [07:55AM  Associated Press]
▶ 3 Top Car Stocks to Buy Now   [Dec-24-17 08:05AM  Motley Fool]
▶ BlackBerry Breaks Out On Strong Quarterly Earnings, Topping Estimates   [Dec-20-17 04:07PM  Investor's Business Daily]
▶ Parent of self-driving car startup nuTonomy plans Seaport tech center   [Dec-12-17 03:10PM  American City Business Journals]
▶ Weekly CEO Buys Highlight   [10:53AM  GuruFocus.com]
▶ 'A handful' of Lyft users were shuttled around in self-driving cars in Boston   [Dec-06-17 05:35PM  American City Business Journals]
▶ Delphi Automotive Splits Into Two   [03:07PM  Forbes]
▶ 2 Top Auto Stocks to Consider Buying Now   [06:32AM  Motley Fool]
▶ Multiple Companies Reach Yearly Highs   [11:09AM  GuruFocus.com]
▶ Aptiv PLC to Transform Future Mobility   [12:01AM  PR Newswire]
▶ 3 Top Autonomous Car Stocks to Buy Now   [Nov-29-17 07:31PM  Motley Fool]
▶ Delphi Closes Acquisition of nuTonomy   [Nov-21-17 03:00PM  PR Newswire]
▶ BofA: Buy Delphi Automotive Before It's Too Late   [Nov-20-17 12:30PM  Benzinga]
▶ Why the Market Is Losing Confidence in Tesla Inc Stock   [Nov-15-17 11:05AM  InvestorPlace]
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