Aptiv PLC at Robert W Baird Global Industrial Conference (Virtual) Transcript

Nov 11, 2020 / 03:15PM GMT
Luke L. Junk - Robert W. Baird & Co. Incorporated, Research Division - Senior Research Associate

Thanks, everyone, for joining us. I'm Luke Junk, and I cover vehicle technology and mobility for Baird. We're very pleased to have Aptiv with us this morning; $30 billion market cap. Aptiv is at the forefront of bringing smart mobility solutions to market, including next-gen vehicle architecture, active safety and autonomous driving. 2020 sales should be around $13.5 billion for the company.

Joining us, we have CEO, Kevin Clark; CFO, Joe Massaro; and Elena Rosman from Investor Relations. There will be plenty of time for questions today. (Operator Instructions) With that, let's jump right into the Q&A.

So Kevin or Joe, to start here, maybe it makes sense just to address the cycle because I know it's probably on the top of everyone's minds. If we just talk about the state of the market as we head into 2021. And specifically, how you handicap some of the risks on the downside. Maybe if you could address what you're seeing in Europe specifically right now related to COVID-related

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