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4-Traders Homepage  >  Equities  >  Nyse  >  Delphi Automotive PLC    DLPH   JE00B783TY65

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Delphi Automotive : Jaguar Land Rover Invests $25 million in Lyft

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06/12/2017 | 02:31pm CEST
By John D. Stoll 

Lyft drivers are getting an upgrade.

The U.K.'s luxury-vehicle duo Jaguar Land Rover has invested $25 million in Lyft Inc., the latest auto company to strike a deal with the Silicon Valley ride-hailing company.

Under the agreement, the companies will collaborate on "mobility services", including self-driving cars, and certain Lyft drivers will be supplied with Jaguar or Land Rover vehicles, likely for testing purposes.

The partnership follows a wave of conventional auto companies pairing with a growing patchwork of tech companies, startups or companies not seen as conventional players in the car business on autonomous-vehicle technology and testing. For instance, Detroit auto supplier Delphi Automotive PLC said last week it is joining with French bus and train operator Transdev to deploy a self-driving on-demand transportation service this year using the parts maker's technology.

Jaguar Land Rover, owned by India's Tata Motors Ltd., follows General Motors Co. as a Lyft investor. GM invested $500 million in the Uber Technologies Inc. rival in early 2016.

Lyft has struck deals with Alphabet Inc.'s Waymo unit and NuTonomy Inc. to work on technology. Lyft has plans to start testing autonomous vehicles in controlled fleets.

The investment comes via Jaguar Land Rover's InMotion venture arm and is part of a seed round that also included funding for SPLT, a Detroit carpooling startup.

"Lyft envisions a future where shared mobility will transform cities and improve people's lives," Lyft President John Zimmer said in the joint release. "This partnership will help us achieve that ambitious goal."

Write to John D. Stoll at [email protected]

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Financials ($)
Sales 2017 17 084 M
EBIT 2017 2 265 M
Net income 2017 1 607 M
Debt 2017 3 140 M
Yield 2017 1,20%
P/E ratio 2017 16,52
P/E ratio 2018 13,63
EV / Sales 2017 1,69x
EV / Sales 2018 1,58x
Capitalization 25 744 M
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Number of Analysts 26
Average target price 108 $
Spread / Average Target 12%
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Managers
NameTitle
Kevin P. Clark President, CEO, Chief Operating Officer & Director
Rajiv Lochan Gupta Independent Non-Executive Chairman
Joseph R. Massaro Chief Financial Officer & Senior Vice President
Matthew Peterson Chief Information Officer & Senior Vice President
Glen W. De Vos Chief Technology Officer & Senior Vice President
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