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
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
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.
-
Volvo: Much Ado About Not Much
Every Volvo launched from 2019 on will have an electric motor.