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Autoliv said it had seen record order intake over the past year for its electronics business, Veoneer, which makes products such as radars and vision systems.
Autoliv said its first-quarter operating profit rose more than 3 percent and said it would not deliver financial guidance for the group ahead of its impending creation of two separate units.
Autoliv CEO Jan Carlson will become head of the supplier's electronics business, Veoneer. Mikael Bratt, the current chief of the company's passive safety unit, will replace Carlson.
Volvo and Autoliv's self-driving partnership is stepping up plans to dominate autonomous systems with talks to win customers other than the Swedish automaker's Chinese parent Zhejiang Geely.
Swedish supplier Autoliv and its software joint venture Zenuity have been selected by Chinese automaker Geely to develop advanced driver assistance systems for Level 3 autonomous driving in China.
Autoliv forecasted higher organic sales growth this year after fourth-quarter adjusted earnings rose 8.2 percent and revenues increased 5 percent.
Autoliv expects the spinoff of its electronics business to be completed next year. Its airbag and seat belt business will operate under the Autoliv name.
Autoliv adopted lean manufacturing practices years ago -- and then found out that it needed a refresher course.
Swedish supplier Autoliv reported quarterly operating earnings fell 17 percent and said it expected like-for-like sales to be virtually flat in the final quarter of the year.
Takata's acquisition is nearly a done deal and should calm down the airbag market. But Sweden's Autoliv is busy snapping up the majority of the contracts it bids on.
Swedish airbag supplier Autoliv is partnering with seat-maker Adient to develop new interior approaches to autonomous vehicles.
Autoliv aims to split into two publicly traded companies covering passive safety and electronics following a strategic review by its management.
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