Aptiv PLC (APTV) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Aptiv PLC surfaced in its latest filing.

• General Motors restructured their operations in China in 2025.2025
• UAW-represented employees at GM, Ford and Stellantis initiated labor strikes in September 2023 lasting more than six weeks.September 2023
• In Q3 2025, the Company recorded a non-cash, pre-tax goodwill impairment charge of approximately $648 million related to the Wind River reporting unit within the Advanced Safety and User Experience segment.Q3 2025
• Government of Mexico implemented country-wide statutory minimum wage increases of approximately 13% (5% in Northern Border Zone) effective January 1, 2026, 12% effective January 1, 2025, and 20% effective January 1, 2024.January 1, 2026
• Government of Mexico may implement shortening of the work week from 48 to 40 hours as early as January 1, 2027 through a gradual reduction of two hours per year.January 1, 2027
• Beginning on April 2, 2025, the U.S. government announced tariffs of at least 10% across imported goods from all countries, with higher rates for certain countries.April 2, 2025
• Conflict between Ukraine and Russia which began in February 2022.February 2022
• Outbreak of armed conflicts in the Middle East beginning in October 2023.October 2023
• Company recorded non-cash impairment charges of $11 million during the year ended December 31, 2023 due to ceasing use of certain long-lived assets in Ukraine.2023
• Acquisitions in recent years include Wind River and Intercable Automotive Solutions S.r.l. in 2022.2022
• New Aptiv is resident for tax purposes in Switzerland, effective December 2024 reorganization.December 2024
• Received Swiss tax ruling confirming creation of a material qualifying capital contribution reserve.
• On January 22, 2025, we announced the plan to separate our Electrical Distribution Systems business into a new independent publicly traded company named Versigent through a tax-free spin-off.January 22, 2025
• The Separation is intended to qualify as a tax-free transaction for both Swiss and U.S. federal income tax purposes under Section 355(a)(1) of the Code.
• Separation costs of approximately $178 million incurred during the year ended December 31, 2025.2025