Active Targets $2 Bln In Sales For 2019 In Its New Electronics Business Segment

(RTTNews) - Autoliv Inc. (ALV) said that it is continuously building its electronics business and capabilities, and now targets to reach $2 billion in sales for 2019 in its new electronics business segment which became operational on January 1, 2015, out of which around $1 billion will be active safety sales. The electronics business segment includes passive safety electronics and active safety.

The Company noted that its safety revenues in 2014 reached around $490 million, essentially reaching the $0.5 billion target one year ahead of the plan established in late 2011.

The Company noted that it is now preparing for the next level of active safety and automated driving features in addition to its current focus of selling vision, night vision and radar products and systems.

Related to the current airbag quality issues with another supplier, Autoliv has agreements with several different OEM's for new supply capacity of up to 25 million airbag inflators for delivery during 2015 and 2016 and is in discussions for the supply of millions of additional units. Autoliv is expanding its capacity and capabilities to meet this demand as rapidly as possible.