STOCKHOLM, April 28 Stockholm-based auto safety
gear supplier Autoliv <ALIVsdb.ST said on Friday that
the cost for its newly launched autonomous driving software
systems joint venture with Volvo Cars, Zenuity, would remain on
roughly the same level in 2018 as in 2017
• ”We see that our gross costs for the Zenuity joint venture
will be about the same in 2018 as in 2017;” Autoliv spokesman
Thomas Jonsson told Reuters.
• Current cost level is around $15 million per quarter
• ”The reason that the cost doesn’t go up despite increasing
headcount in Zenuity is that we are currently occurring high
start up costs which will disappear over time, ” Jonsson added.
• Zenuity currently has around 300 staff, and wants to double to
600 employees in the mid-term.
• Autoliv’s Swedish Depository Receipts closed down 5.5 pct in
Stockholm on Friday after the company reported a
bigger-than-expected rise in quarterly earnings but flagged
uncertainty about global vehicle production ahead,
• The SDR’s extended their drop during a conference call earlier
on Friday, where there was much discussion around Zenuity, and
several analysts appeared worried that the costs would rise next
year along with higher staffing levels.
• Autoliv’s U.S-listed shares were down 6.4 percent at
(Reporting by Johannes Hellstrom, writing by Johan Ahlander)