Supplier Spotlight

Video Exclusives

Jaguar XE SV Project 8 laps Nürburgring in 7 min 21 sec

gtr

Hand-assembled by Special Vehicle Operations and fitted with a 600ps 5-liter supercharged V8, Jaguar’s production-intent prototype has broken the lap record for a four-door sedan by 11 seconds.


Chevrolet expands performance line-up

gtr

Chevrolet details its ZR2 concept and race development truck as the company continues to redefine the segment


Click here/on image to watch video

Which technological development has impressed you most this year? 

News

Delphi announces Delphi Technologies spin-off

Automotive technology company Delphi has approved the record date, distribution date and distribution ratio for the spin-off of its Powertrain Systems segment into a new publicly traded company, Delphi Technologies.

The remaining company, Delphi Automotive, will become Aptiv PLC and change its ticker symbol to ‘APTV’. Shareholders will receive one ordinary share of Delphi Technologies for every three ordinary shares of Delphi Automotive, and will receive cash in lieu of any fractional shares.

The spin-off is expected to be effective at the close of business on December 4, 2017, with 100% of Delphi Technologies’ ordinary shares distributed to Delphi Automotive shareholders.

Delphi Technologies has received authorization to list its ordinary shares on the New York Stock Exchange (NYSE) under the symbol ‘DLPH’.

The company expects that a “when-issued” public trading market for ordinary shares will begin on the New York Stock Exchange on November 21 under the symbol ‘DLPH WI’ and will continue through the distribution date.

Delphi Technologies’ ordinary shares are expected to begin ‘regular way’ trading from December 5, the first trading day following the distribution date.

The record date will be as of the close of trading, New York time, on November 22, 2017, and the distribution date will be at the close of business on December 4, 2017.

Written by Sam Petters

16 November 2017


RECEIVE THE
LATEST NEWS


Your email address:





Read Latest Issue
International Engine of the Year Awards
Read Latest Issue

Web Exclusive Articles

Volkswagen 2018 Polo GTI receives engine upgrade
Fitted with a 2.0-liter four-cylinder unit and producing 200ps, the German OEM’s 2018 Polo GTI shares design traits with the brand’s newest GTI R5 competition racer  
Read Now

Sakor Technologies discuss the importance of NVH testing in engine development
With OEMs continuing to improve NVH, Sakor outlines its newest testing innovation and the importance of accelerated belt aging stands in vehicle development
Read Now

Engines on test: Hyundai Ioniq Plug-in Hybrid
Fitted with a 1.6-liter Atkinson-cycle GDi Kappa engine and 44.5kW electric motor, Hyundai’s PHEV is the company’s first foray into automotive electrification – but how does the powertrain measure up?
Read Now

Read Latest Issue

Supplier Spotlight

Supplier SpotlightClick here for listings and information on leading suppliers covering all aspects of the engine technology industry. Want to see your company included? Contact aboobaker.tayub@ukimediaevents.com for more details.

Submit your industry opinion

Industry BlogDo you have an opinion you'd like to share with the engine technology community? We'd like to hear your views and opinions on the leading issues shaping the industry. Share your comments by sending up to 500 words to d.slavnich@ukimediaevents.com

Submit Your Recruitment Ad

Recruitment AdTo send us your recruitment advertising or to receive information on placing a banner please email aboobaker.tayub@ukimediaevents.com