Delphi Automotive (DLPH) Declares $0.29 Quarterly Dividend; 1.2% Yield

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Go back to Delphi Automotive (DLPH) Declares $0.29 Quarterly Dividend; 1.2% Yield

Delphi Automotive (DLPH) to Acquire nuTonomy for $400M Upfront

October 24, 2017 9:02 AM EDT

Delphi Automotive PLC (NYSE: DLPH) announced today that it has signed an agreement to acquire nuTonomy, Inc. for an upfront purchase price of $400 million and earn-outs totaling approximately $50 million. The transaction brings together the leading start-up and Tier 1 in autonomous driving (AD) and further accelerates Delphi's commercialization of AD and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide.

Founded in 2013 by Dr. Karl Iagnemma and Dr. Emilio Frazzoli and recently named a World Economic Forum Technology Pioneer, nuTonomy is developing a proprietary full-stack AD software solution... More