STOCKHOLM: Autoliv, the world’s largest maker of airbags and seatbelts, said it had seen record order intake over the past 12 months for its electronics business Veoneer and raised its longer-term forecast for some of its products.
The Swedish company, which plans to spin off and list Veoneer in early July, said the electronics unit had recorded a 48% jump to US$1.1bil in annual order intake in the past 12 months.
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