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flag Aptiv, an auto parts provider, reported a better-than-expected Q4 profit due to increased demand for auto parts and software-enabled features.

flag Aptiv, a leading auto parts supplier to major automakers such as Toyota, BMW, and Detroit Three, surpassed Wall Street's expectations in Q4 2022. flag The strong demand for auto parts and increasing orders for software-heavy vehicles contributed to the company's success. flag Aptiv reported an adjusted profit of $1.40 per share for the quarter ending December 31, 2022, higher than the expected $1.33 per share. flag Its quarterly revenue reached $4.9 billion, a 6% increase from the previous year. flag Aptiv's CEO, Kevin Clark, anticipates continued growth and margin expansion in 2024.

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