GM General Motors Company

By Patrick Thomas

Aptiv Plc (APTV) lowered its financial targets for the year Wednesday and said labor strikes at General Motors Co.'s U.S. factories will cost it roughly $250 million.

The auto parts company lowered its sales guidance to between $14.26 billion and $14.36 billion from its previous outlook of between $14.53 billion and $14.73 billion.

The company said it expects operating income between $1.53 billion and $1.55 billion, down from its previous range of $1.65 billion to $1.69 billion.

The company said the GM strike will cost its adjusted operating Income about $135 million, or 45 cents a share.

Shares of the company fell about 1.5% in premarket trading.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

October 30, 2019 07:23 ET (11:23 GMT)

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