Info
Info

Autoliv announce spin-off company Veoneer

News

In December 2017, Autoliv's Board of Directors decided to continue with the spin-off of its Electronics business segment "“ now to be named Veoneer "“ creating a new, independent publicly traded company during the third quarter of 2018.

Info

Veoneer's ambition is to be a leading system supplier for ADAS and autonomous driving as well as a market leader in automotive safety electronics products.

When publicly listed, Veoneer's offering will include safety electronics, sensors and software for active safety, advanced driver assistance systems (ADAS) and autonomous driving (AD) as well as advanced brake control solutions.

"Naming the new company Veoneer clearly reflects that this is an independent company focusing on future technologies. We look forward to creating a customer-focused company and creating shareholder value. The Veoneer brand will be a visionary pioneer in automotive electronics, ADAS, automation and new mobility, said Jan Carlson, President, Chairman and CEO of Autoliv.

"Today, we have one of the broadest product portfolios in the market, and the ambition for Veoneer is to stay at the forefront of innovation in the current revolution of the automotive industry. Veoneer is prepared to take on the challenges of automation and human machine interaction as vehicles get increasingly intelligent. This development will greatly improve traffic safety and bring new levels of comfort and convenience to people in need of transportation," continued Jan Carlson.

After the spin-off, Autoliv's current Passive Safety segment will continue to operate under the Autoliv name, with continued listings on the New York Stock Exchange and Nasdaq Stockholm.

The spin-off is expected to be completed during the third quarter of 2018 subject to market, regulatory and certain other conditions, including approval by Autoliv's Board of Directors. There can be no assurance regarding the ultimate timing of the spin-off or that the spin-off will ultimately occur.


The Latest News, Brought To You By
Autoliv announce spin-off company Veoneer
Modified on Monday 29th January 2018
Find all articles related to:
Autoliv announce spin-off company Veoneer
TaaS Technology Magazine
Info
Ballard Power Systems Purchases A Fleet Of FCEVs
IAC Invests $250 Million In Car Sharing Platform Turo
SEAT’s Carsharing Service Provider Respiro Deploys Natural Gas Hybrid Vehicles
CATL And Toyota Form A Comprehensive Partnership For EV Batteries
Toyota And BYD To Jointly Develop BEVs For China
AIWAYS U5 Prototype Begins Its Journey From China To Western Europe
Bolt Mobility Launches In Washington, D.C.
Toyota To Specially Design “APM” Mobility Vehicle For Tokyo 2020
Lotus Unveils Its All Electric Hypercar, Evija
IONITY To Open 40 UK Sites, Each With Up To 6 350 KW HPCs
Zagster Rolls Out Scooter Share Pilot Programme In The City Of Salem
Groupe Renault And JMCG Establish JV To Manufacture EVs In China
Curtiss Unveils The New Hades Model Designed By JT Nesbitt
Hyundai Develops Active Shift Control Transmission For Hybrids To Enhance Fuel Economy
BYD ADL Clocks 100 Electric Double Deck Bus Sales In UK
Oliver Zipse Takes Over As The New Chairman Of BMW AG
Preparations Underway At Audi Böllinger Höfe For The Production Of Audi E-tron GT
Audi Carries Out Virtual Testing Of The Assembly Process Of E-tron GT
Microsoft And Scope Technology Partner To Advance Connected Car Solutions
Toray To Manufacture Battery Separator Film (BSF) In Hungary
Volvo Group And Samsung SDI Enter Strategic Alliance For Battery Cells And Modules
Karamba Security And Alpine Electronics Announce Self-protected In-vehicle Infotainment Systems
Protean Develops Advanced Electric-drive ‘corner Module’ Concept For Urban Mobility Pods
Hyundai Develops Active Shift Control Transmission For Hybrids To Enhance Fuel Economy
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info