Aptiv PLC (NYSE:APTV) And Lyft To Move Talks Beyond The Self-Driving Ride Partnership

The stock of Aptiv PLC (NYSE:APTV) closed at $90.72 losing 2.20% in yesterday’s trading session. Ride-hailing firm Lyft and Aptiv were in attendance at the Consumer Electronics Show (CES) which was held in the course of this month.

Just like the rest of the vibrant companies around the globe, the two business giants discussed the various strategies that they were going to put in place towards ensuring that they sharpened their competitive edge in the market. The Consumer Electronics Show (CES) which is usually held in Las Vegas gives an opportunity for the various companies to showcase the self driving cars. The two business giants have always been at the forefront in giving their demonstrations.

An official working with Lyft opined, “We took longer than our rivals to warm to the idea of autonomous vehicles. But we committed $1 billion through 2020 to develop advanced automated driving and artificial intelligence technology and this marks a major step forward in our evolution towards sustainable mobility.”

Over quite some time Lyft has dedicated much of its time to making demonstrations in line with its continued expansion which is of course way ahead of the traditional cars and trucks. It has been prioritizing those strategies that will help it create new values, one of them being serving customers with top quality services.

Delphi Automotive was the former name for Aptiv and it has been considering collaborating with Lyft, a move that would move along way towards helping it achieve immense business success. If everything goes according o plan, quite a significant number of passengers will from now moving forward be able to request for the self-driving rides from the Las Vegas Convention Center’s Gold Lot.

Aptiv is apparently reserved in line with its current plans. The company’s spokesperson outlined that to this point in time the company had not yet arrived at the decision to make a public announcement regarding a further business engagement with Lyft.

Aptiv’s automated system is at its advanced stages and an official working with the company said that they had directed pretty much in terms of efforts and time to get to where they were at the moment.

 

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Cook Laurie

Cook Laurie

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.