Mexican Media Brands
Autoliv Plans Split into Two Companies
Autoliv Inc. says it intends to turn its Passive Safety and Electronics business units into two independent companies.
#electronics
Share
Autoliv Inc. says it intends to turn its Passive Safety and Electronics business units into two independent companies.
Autoliv has been reporting results for the two units separately since the beginning of last year. If approved, the plan to set them up as independent entities would take about one year to implement, according to the company.
Autoliv’s Electronics business includes radar, camera, night vision, restraint control and brake systems. The company predicts the overall market for such products will double to $40 billion by 2025. Last year Autoliv’s Electronics group generated $2.2 billion in revenue. Its sales target for 2020 is $3 billion.
The Passive Safety unit consists of airbags, seatbelts and steering wheels. Autoliv expects the global market for those devices will expand 25% to $25 billion by 2025. The unit’s revenue totaled $7.9 billion in 2016 and is expected to exceed $10 billion by 2020, according to the company.
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.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
2019 Volvo XC40 T5 AWD Momentum and R-Design
Back in 2004, Volvo introduced a concept vehicle, called “Your Concept Vehicle,” in which case the pronoun essentially referred to women because as the company pointed out, the YCC was “the first car designed and developed almost exclusively by women.” Some would say that Volvo was ahead of its time—way ahead—with this idea.