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Delphi Automotive PLC announced it has signed an agreement to acquire nuTonomy, Inc. for an upfront purchase price of $400 million and earn-outs totaling approximately $50 million, bringing together the leading start-up and Tier 1 in autonomous driving.
Delphi Automotive PLC entered into a separation and distribution agreement to spin off its Powertrain Systems segment into a new independent publicly traded company, Delphi Technologies PLC.
The European Commission approved the acquisition of Delphi Automotive's mechatronic business by China North Industries Group Corporation (Norinco). The business manufactures mechatronics modules and switches for the automotive industry with assets in Spain, Poland, Mexico, China, and Brazil.