Mexican Media Brands
Autoliv Moves Forward with Divestiture Plan
Autoliv Inc. has approved plans to spin off its Electronics unit into a stand-alone business focused on emerging driver-assist and autonomous vehicle technologies.
#electronics
Share
Autoliv Inc.’s board of directors has approved plans to spin off its Electronics unit into a stand-alone business focused on emerging driver-assist and autonomous vehicle technologies.
The divestiture, which was announced in September, is expected to be completed during the third quarter of 2018. Autoliv has been reporting financial results for its Electronics unit separately from the company’s core Passive Safety business, which accounts for nearly 80% of total sales, since the beginning of 2016.
Autoliv’s Electronics business includes radar, camera, night vision, restraint control and brake systems. As part of the split, Autoliv says it will make an unspecified investment into the Electronics unit to help boost its financial rating.
The supplier says the spinoff reflects growing differences between the Electronics and Passive Safety businesses. These include expected divergent paces of technology advancements, sales growth, operational synergies, employee skill sets, investment needs and potentially different shareholder profiles.
Following the separation, the Electronics unit will be renamed. The Safety business will continue to operate under the Autoliv name. Both companies will be based in Stockholm.
RELATED CONTENT
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
2018 Ford EcoSport: Small Is the New Big
Eric Loeffler, chief program engineer for the 2018 Ford EcoSport, recalls driving home from work one day from the product development center in Brazil where work was underway on developing the vehicle that will be coming to the U.S. in 2018, having been launched in 2003 in South America and is now become available in 140 countries around the world.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
