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Autoliv’s Electronics Unit Hikes Sales 48% Ahead of Spinoff
Airbag supplier Autoliv Inc. says its electronics business boosted sales 48% to $1.1 billion over the past 12 months.
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Airbag supplier Autoliv Inc. says its electronics business boosted sales 48% to $1.1 billion over the past 12 months.
Autoliv expects to spin off the unit— which specializes in such active safety products as radar and night vision—as Veoneer at the end of June. Autoliv CEO Jan Carlson will leave Autoliv to assume the same position at Veoneer.
Autoliv notes that the European Union plans to mandate a broad array of active safety features by 2021. Veoneer targets a market for advanced drivers assist features that is expected to expand by 12% annually to $49 billion by 2025, according to the company.
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