Delphi, which produces radar, cameras, airbags and other safety gear, has been able to fill gaps in its product portfolio by negotiating licensing agreements with other companies, Owens noted.
If Delphi buys another company, it will be a bolt-on, Owens said. The company does not seek to make a “transformational” acquisition like ZF’s proposed acquisition of TRW Automotive.
Is Delphi itself an acquisition target? Owens shrugged. He said he doesn’t expect a major player in consumer electronics — such as a Samsung, for example — to enter the automotive market by making a big acquisition.
It takes time for automotive investments to pay off, and most players in consumer electronics don’t have the patience.
But would another automotive giant consider a big acquisition? I guess we’ll have to wait and see.