Autoliv-Veoneer spinoff: Implications on active and passive safety

Despite this being a strategic business-move, the emergence of Venoeer has a lot to do with the company’s vision of creating an independent entity for future safety solutions

While technology addition has already strengthened its foothold when it comes to the automotive component side of things, the role of technology has also started to create ripples on the business side of the automotive market. OEMs as well as suppliers are now investing a substantial amount of time and revenues on research and development in order to cater to future automotive needs. With autonomy knocking on the doorstep and other mega trends such as electrification, shared mobility and connectivity making their presence felt, we are about to witness the next phase of automotive evolution. Riding on the technology wave, automotive companies have also started realizing the potential for new business opportunities that are there, with the emergence of new business solutions catered specifically for the automotive technology market.