RE: Veoneer23 Oct 2019 19:20
'Trend toward Collaborative Driving
As noted in our Annual Report on Form 10-K for the year ended December 31, 2018
filed with the SEC on February 22, 2019, the environment around us is rapidly
changing and we currently see a shift across the automotive and autotech
industries. New technologies, creating new levels of interaction and driver
support are starting to revolutionize driving, but we also see the driver being
actively involved for many years to come. We call this Collaborative Driving;
the industry also calls it "Level 2+" driver support. At the same time there is
also a growing realization that the introduction of truly self-driving cars will
likely take longer and be more expensive than previously anticipated. This
fundamental insight opens up new opportunities for companies, including Veoneer,
but it also requires a reprioritization of resources. As such, we believe that
the market will stay mainly focused on Level 1-Level 2+ autonomous driving
solutions for the next decade.'