Autoliv had announced back in September that the company would be split into two listed companies, with one company focusing on its electronics business while the other one will stick to its core portfolio of passive system components. The company’s current CEO, Jan Carlson will head its electronics business, Veoneer, which will be spun off and listed as a separate entity by the third quarter of 2018, if all goes as planned.
Veoneer will tailor its strategy to grow at a fast rate in the new age of mobility, with safety being a primary consideration when it comes to connected and self-driving vehicles. Veoneer’s goal is to become a leading system supplier for ADAS and autonomous driving as well as a market leader in automotive safety electronics products.
Veoneer’s range of products 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. With vehicles employing AI and the use of sensors to a greater extent, and becoming increasingly intelligent, Veoneer will take on the challenges of automation and human machine interaction in order to advance traffic safety and provide new levels of comfort and convenience to consumers.
Veoneer will make products like vision systems, radar products and advanced driver-assistance software.
Autoliv will continue to deal with the passive safety segment and will continue to operate under the Autoliv name. The company makes components like airbags and seat belts.
Carlson would take on the role of head of Veoneer from April 1, while continuing his current role as CEO and chairman of Autoliv until the spinoff is completed. Mikael Bratt, the current chief of the passive safety unit will succeed Carlson as the head of Autoliv.
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
Your email address will not be published. Required fields are marked *
© 2017 Morjan Media LLC. All Rights Reserved.