We're All in This Together

Posted By
Kevin P. Clark
President and Chief Executive Officer

Nearly three months ago, we immediately implemented robust preventative measures to protect our employees after learning of COVID-19 and the effects it could have on our people and facilities in Wuhan.

In January, we halted all domestic and international travel throughout the company, and in February, we restricted all non-essential visitors from entering our facilities – not just in Asia – but in every city in which we operate: Dublin, Boston, Singapore, Wuppertal, Krakow, and many others. While these moves surprised some people outside of Aptiv, we did all of this because we never want to put our employees, customers, and the communities in which we operate at risk.

I am incredibly proud of how our employees quickly came together and what we have been able to accomplish and overcome. Still, COVID-19 continues to present significant challenges to our communities and industry, proving the virus has no boundaries – either for the people it infects or the economies it impacts.

As the city of Wuhan opens its doors and begins to establish a new way of life, we begin to ramp-down our operations in Europe and the Americas. This unprecedented action is in line with our customers' production schedules, resulting from the restrictions put in place by governments around the world to help prevent the spread of the virus.

For us to get through this short-term crisis, we are again implementing preventive measures, this time, ones that will help protect long-term opportunities for our employees and customers. These actions include aggressively managing costs and conserving cash, and will temporarily affect us all.

It is in Aptiv's DNA to manage change proactively, innovate through disruption, and be resilient in the face of challenge. It is because of our values and our unwavering commitment to delivering for our customers, that I am confident in Aptiv's long-term future. We have the right strategy, the right portfolio, and, most importantly, the right people to enable a safer, greener, and more connected future of mobility.

We will continue to monitor this very fluid situation and take meaningful actions in partnership with our key stakeholders, in every region, to protect and deliver for our employees, customers, and shareholders.

Together, we will come out stronger than ever on the other side.