Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 140

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1A
Chunk 140
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ITEM 1A. RISK FACTORS

We are including the following revised risk factor to reflect a material development subsequent to the risk factors presented in our Annual Report on Form 10-K for the year ended December 31, 2024. Except for the following revised risk factor, there have been no material changes in risk factors for the Company in the period covered by this report. The revised risk factor should be read in conjunction with or description of risk factors in Part I, “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

We face risks associated with doing business in various national and local jurisdictions.

The majority of our manufacturing and distribution facilities are in Mexico, China and other countries in Asia Pacific, Eastern and Western Europe, South America and Northern Africa. We also purchase raw materials and other supplies from many different countries around the world. For the year ended December 31, 2024, approximately 65% of our net revenue came from sales outside the U.S. International operations are subject to certain risks inherent in doing business globally, including:

•exposure to local economic, political and labor conditions;

•unexpected changes in laws, regulations, economic and trade sanctions, trade or monetary or fiscal policy, including interest rates, foreign currency exchange rates and changes in the rate of inflation in the U.S. and other countries;

•tariffs, quotas, customs and other import or export restrictions and other trade barriers;

•expropriation and nationalization;

•difficulty of enforcing agreements, collecting receivables and protecting assets through certain non-U.S. legal systems;

•reduced technology, data or intellectual property protections;

•limitations on repatriation of earnings; 

•withholding and other taxes on remittances and other payments by subsidiaries;

•investment restrictions or requirements;

•violence and civil unrest in local countries, including the conflict between Ukraine and Russia and the conflicts in the Middle East; and

•compliance with the requirements of an increasing body of applicable anti-bribery laws, including the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and similar laws of various other countries.

Additionally, our global operations may also be adversely affected by political events, terrorist events and hostilities, complications due to natural, nuclear or other disasters or the spread of an infectious disease, virus or other widespread illness. For instance, effective January 1, 2024 and January 1, 202