#DRIVERASSIST SOFTWARE DRIVERS#
#DRIVERASSIST SOFTWARE SOFTWARE#

The shares lost more than half their value after the split as orders slumped and the company racked up losses. Veoneer was spun off by auto-safety supplier Autoliv Inc.

#DRIVERASSIST SOFTWARE SOFTWARE#

The deal gives Veoneer more resources to develop its suite of driver-assistance systems and it now has a big customer for its vehicle perception and software platform, Spak wrote. вЂњThis is a very good outcome for VNE shareholders,вЂќ Joseph Spak, an analyst at RBC Capital Markets, said in a note. unveiled plans last October to offer its hands-free driving technology, dubbed Blue Cruise, on its F-150 pickup, the top-selling vehicle in the U.S. said this week itвЂ™s introducing its hands-free driving software to more vehicles and adding new features such as automatic lane change capability. вЂњYou have to look at the long-term sustainable shareholder value, and thatвЂ™s where we are focusing.вЂќДЄDAS, or advanced driver-assist systems, refers to features in cars on the road today such as automatic emergency braking or lane-keep assistance. ADAS is one of them,вЂќ Chief Executive Officer Swamy Kotagiri said in an interview with Bloomberg Television on July 23. вЂњOne of the pillars of MagnaвЂ™s strategy was to be able to create investment in fast-growing areas that are relevant to the car of the future. WeвЂ™re proud to announce that we have signed an agreement to acquire a global company that supplies ADAS and electronic safety systems for automakers around the world. In response, global automotive suppliers are increasingly positioning themselves to benefit from the growth in advanced safety features in passenger cars.ДЄdvancements in vehicle technologies are fast-tracking and so is our company.

#DRIVERASSIST SOFTWARE DRIVERS#

Semi-autonomous features such as hands-free driving and crash-avoidance technology have become hotly contested battlegrounds as automakers seek to boost prices, best rivals with options that command a premium, and give drivers high-tech bragging rights. Magna fell as much as 7.1%, its biggest intraday drop in more than a year. Veoneer shares rose slightly above the takeover price July 23 before paring gains to trade at $31.20 in late-day trading in New York.

Driverassist software