We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Autoliv (ALV) Invests in Specialized Fund Autotech Ventures
Read MoreHide Full Article
Autoliv, Inc. (ALV - Free Report) has announced that it will invest $15 million in Autotech Ventures, a venture capital fund engaged in investing in digital ground transport. This investment is likely to complement the Stockholm, Sweden-based company’s innovation strategy pertaining to safety and autonomous driving.
The automotive industry is presently witnessing radical changes. The increased emphasis on autonomous driving, environmental issues and shared mobility have opened up plenty of opportunities for automotive safety systems companies such as Autoliv. Through this investment in Autotech Ventures, Autoliv will be better placed to review innovative startup companies, particularly in areas of automation and autonomous driving.
Autoliv entered the automotive electronics market about 15 years ago. Since then it consolidated its position in this segment and has emerged market leader. The company has attained this position through both organic growth and acquisitions. The latest investment in a specialized fund is likely to further bolster its position.
Autoliv has outperformed the Zacks categorized Automotive - Original Equipment industry in the last three months. The company’s share price has increased 12.7% during this period, while the industry gained 8%.
Currently, Autoliv carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Ferrari N.V. (RACE - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Dana Incorporated (DAN - Free Report) .
While Ferrari sports a Zacks Rank #1, Allison Transmission Holdings and Dana Incorporated carry a Zacks Rank #2 (Buy).
Expected long-term growth rate for Ferrari, Allison Transmission Holdings and Dana Incorporated are 6.8%, 11% and 3%, respectively.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Autoliv (ALV) Invests in Specialized Fund Autotech Ventures
Autoliv, Inc. (ALV - Free Report) has announced that it will invest $15 million in Autotech Ventures, a venture capital fund engaged in investing in digital ground transport. This investment is likely to complement the Stockholm, Sweden-based company’s innovation strategy pertaining to safety and autonomous driving.
The automotive industry is presently witnessing radical changes. The increased emphasis on autonomous driving, environmental issues and shared mobility have opened up plenty of opportunities for automotive safety systems companies such as Autoliv. Through this investment in Autotech Ventures, Autoliv will be better placed to review innovative startup companies, particularly in areas of automation and autonomous driving.
Autoliv entered the automotive electronics market about 15 years ago. Since then it consolidated its position in this segment and has emerged market leader. The company has attained this position through both organic growth and acquisitions. The latest investment in a specialized fund is likely to further bolster its position.
Autoliv has outperformed the Zacks categorized Automotive - Original Equipment industry in the last three months. The company’s share price has increased 12.7% during this period, while the industry gained 8%.
Currently, Autoliv carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Ferrari N.V. (RACE - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Dana Incorporated (DAN - Free Report) .
While Ferrari sports a Zacks Rank #1, Allison Transmission Holdings and Dana Incorporated carry a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Expected long-term growth rate for Ferrari, Allison Transmission Holdings and Dana Incorporated are 6.8%, 11% and 3%, respectively.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>