Aptiv updates 2021 financial outlook

Dublin, oct. 11, 2021 /prnewswire/ -- aptiv plc (nyse: aptv), a global technology company focused on making mobility safer, greener and more connected, today announced an update to its full year 2021 financial guidance to reflect a 7% decrease in global vehicle production rates, from 85 million to 79 million units, at the time the previous full year 2021 guidance was issued on august 5, 2021, resulting from various factors, including the continued impacts of the covid-19 pandemic and the worldwide semiconductor shortage on the global automotive supply chain. although the company still expects revenue growth over market to be consistent with the previously issued financial guidance of 10% for 2021, global vehicle production for the third quarter is currently expected to be approximately 18 million units, or a decrease of approximately 15% from the 21 million units expected at the time the previous full year guidance was issued.
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