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VLEEY - Aptiv Leading The Way In Advanced Safety But There Are Some Road Hazards
Valeo SA ADR
Being a pioneer tends to have a pretty binary outcome – they either name schools after you, or you end up feeding the scavengers in the middle of nowhere. I don’t think Aptiv (APTV) is really looking at such a stark set of outcomes, but I do see this company as a pioneer in active safety for passenger vehicles with a rich multiple to match.
I think we’re going to see a cool-down of expectations around autonomous driving in 2020, and with that I think Aptiv’s rich multiple could be at risk. I