Autoliv

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Autoliv Inc.
Publicly traded corporation
Traded as Nasdaq StockholmALIV SDB, NYSEALV
Industry Automotive safety
Founded 1997
Headquarters Stockholm, Sweden,
Key people
Jan Carlson (Chairman, President and CEO)
Products Radar Sensors, Stereo Vision Cameras, Night Vision Cameras, Seatbelts, Airbags, Steering Wheels, Safety Electronics, Active Safety Products
Revenue US $10,074billion (2016)[1]
US $848 million (2016)[1]
Profit US $567 million (2016)[1]
Number of employees
70,300 (AR2016)[1]
Website www.autoliv.com

Autoliv Inc. is the world's largest automotive safety supplier with sales to all the leading car manufacturers in the world. Together with its joint ventures, Autoliv has over 70,000 associates in 27 countries, of whom 7,900 involved in research, development and engineering. In addition, the company has 22 technical centers around the world, including 19 test tracks, more than any other automotive safety supplier. The group is one of the world's largest in terms of vehicle safety with annual revenues of USD 10 billion and is part of the Fortune 500.[2] Autoliv Inc. is incorporated in Delaware, the United States, headquartered in Stockholm, Sweden, and runs its business through two business segments: Passive Safety and Electronics. The company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the OMX Stockholm Stock Exchange.

History[edit]

Autoliv was founded in Vårgårda, Sweden in the form of Auto Service AB in 1953 by Lennart Lindblad. In 1956, the company became a pioneer in seat belt technology when it began production of two-point seat belts. The name of the company was changed to Autoliv AB in 1968. It was bought in 1974 by Granges Weda AB, inventors of the retractable seat belt. Granges Weda was acquired in turn in 1989 by Electrolux and changed its name to Electrolux Autoliv AB. During the 1980s and 1990s, the company grew through acquisitions, mainly in Europe. Between 1994 and 1997 the company was listed on the Stockholm Stock Exchange under the name of Autoliv AB and in 1997 it merged with the American firm Morton ASP Inc to form Autoliv Inc. Established on April 1, 2016, Autoliv and Nissin announced the creation of a joint new company Autoliv-Nissin Brake Systems.[3] In 2017, Autoliv and Volvo Cars formed Zenuity, a jointly-owned company to develop the next generation of autonomous driving software.

Products[edit]

The company develop, manufacture and market passive safety systems (with a market share around 39%) such as airbags, seatbelts, steering wheels, passive safety electronics and active safety systems (estimated market share around 20-25%) including brake control systems, radar, night vision and camera vision systems. It also produce pedestrian protection systems. Passive safety systems are primarily meant to improve vehicle safety. Active safety systems objective is to intervene before an imminent accident in order to avoid it completely or reduce its impact. Active safety products in Autoliv's portfolio include automotive radars, night driving assist, camera-based vision systems, brake controls and other active safety systems. Autoliv's radar sensors were notably used by Uber in their self-driving taxi pilot project in Pittsburgh, Pennsylvania.

Autonomous Driving[edit]

Since 2014, Autoliv's active safety products have increasingly sought to gain market share in the fast moving sector of automated driving. For this purpose, the company has lately escalated efforts to collaborate with and acquire companies with expertise in LiDAR, vision, GPS and mapping technologies. In 2015, the company announced the acquisition of M/A-COM's automotive equipment business which will expand Autoliv's capabilities in active safety and augment its GPS and Mapping division.[4] The same year, Autoliv commenced the "Drive Me" partnership venture with Volvo to offer semi-autonomous features in vehicles in Gothenburg, Sweden.[5] In September 2016, Autoliv and Volvo announced the creation of a joint new company for autonomous driving.[6] The company, named Zenuity, formally began operations in January 2017. It will develop systems for use in Volvo vehicles and for sale exclusively by Autoliv. [7]

See also[edit]

References[edit]

  1. ^ a b c d "Annual Results 2016" (PDF). 
  2. ^ "Fortune 500 Full List". 
  3. ^ "Company Overview". Autoliv-Nissin. Retrieved March 3, 2017. 
  4. ^ "Autoliv Completes Acquisition of MACOM Automotive Solutions Business". 
  5. ^ "Autoliv Joins the Drive Me Project". 
  6. ^ "Volvo Cars and Autoliv to create joint venture for autonomous driving". 
  7. ^ "Volvo Cars and Autoliv announce the launch of Zenuity". 

External links[edit]