Autoliv completes spin-off of Veoneer.

Autoliv the worldwide leader in automotive safety systems, completed the spin-off of its electronics segment, Veoneer. Prior to the spin-off and as previously announced, Autoliv made cash contributions to Veoneer so that Veoneer has total cash liquidity of approximately $1bn. Autoliv funded the contribution through a mixture of new external funding and existing cash. “I am proud to be a part of the continued journey of Autoliv. We are the global market and technology leader in automotive safety with people who are passionate about our vision of saving more lives. With our broad, strong product portfolio and with the capabilities we have in the organization, I look forward to Autoliv further driving innovation into the future,” Mikael Bratt, President and CEO of Autoliv.