Mexican Media Brands
Autoliv Electronics Spinoff to be Called Veoneer
Autoliv says the new company created when it spins off of its electronics business will be called Veoneer.
#electronics
Share
Autoliv says the new company created when it spins off of its electronics business will be called Veoneer.
The divestiture is expected to be completed in the third quarter of 2018. Veoneer will focus on safety electronics, sensors and software for active safety, advanced driver assistance systems and autonomous driving technologies.
The Swedish company’s remaining Passive Safety business, which includes airbags, seatbelts and steering wheels, will continue to operate under the Autoliv name. Both companies will be based in Stockholm.
Autoliv announced plans for the spin-off last September. The board of directors approved the proposal in December.
RELATED CONTENT
-
Magna Advances Seating Configurations
Magna International is focusing on electrification, autonomy and smart mobility. This is taking the form of things ranging from an electrified system for rear axles (eDrive 1.0) to a collaborative arrangement with Lyft, which includes the co-development and manufacture of self-driving systems.
-
Ford and Autonomy
Ford’s announcement last week in Silicon Valley came as something of a surprise.
-
Volvo: Much Ado About Not Much
Every Volvo launched from 2019 on will have an electric motor.