Autoliv CEO Says Tariff Turmoil Is Stalling Any Strategic Moves
Swedish automotive supplier Autoliv AB cannot make any strategic decisions under the current US tariff regime unless they are confirmed to be long-term policies, according to Chief Executive Officer Mikael Bratt.
Speaking at the company's capital markets day in Stockholm, Bratt said any decisions about business footprint or sourcing linked to the tariffs are off the table 'because they could be gone as quickly as they came' and 'they could be at a completely different level both up and down.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
11 hours ago
- Business Upturn
Redwing Acquires Assets of Swedish Drone Delivery Startup Aerit, Adding European Entry and ML-Based Flight Routing Capabilities
Bengaluru, Karnataka, India: Redwing, a leading provider of drone-based instant logistics solutions from India, today announced the strategic acquisition of the assets of Aerit, a Swedish drone delivery startup recognized for its advanced autonomous delivery technology for suburban homes. This asset acquisition significantly strengthens Redwing's position in Europe, accelerating its expansion efforts in one of the world's fastest-growing drone logistics markets. Aerit had successfully collaborated with Foodora in 2024, with EASA's SAIL II permits for Sweden operations for delivering food from retailers to consumers. Built by a talented team of engineers from Spotify, Scania Group & PhDs, it was the 1st company to complete commercial food drone delivery in Sweden. The integration of Aerit's state-of-the-art autonomous flight technology 'Stewie' and operational know-how significantly enhances Redwing's technological portfolio. This move allows Redwing to rapidly develop and deploy advanced drones tailored specifically to the complex and evolving needs of the logistics sector. Aerit's drone systems are acclaimed for their safety, reliability, and operational efficiency, attributes critical to achieving scalable drone operations and commercial viability. This acquisition underscores Redwing's commitment to driving innovation and achieving leadership in the BVLOS drone logistics industry. With a proven track record of more than 300,000 kilometers of Beyond Visual Line of Sight (BVLOS) flights, Redwing has consistently demonstrated the capability and readiness of its autonomous drone platform in demanding scenarios such as drone logistics in rain, hilly terrains & coastal winds. By integrating Aerit's expertise, Redwing further solidifies its ability to deliver comprehensive, highly reliable drone-based solutions that meet stringent European regulatory requirements. 'The acquisition of Aerit is a pivotal step for Redwing, expanding the BVLOS portfolio & improving ML-based flight routing capabilities alongside EASA regulatory headway,' said Anshul Sharma, co-founder of Redwing. 'By combining Aerit's innovative technology and European market presence with Redwing's deep expertise in scalable, autonomous drone logistics, we are excited to complete this acquisition process.' About REDWING Advertisement Redwing is a multi-use BVLOS drone company based out of Bangalore. They design, build and operate drones with Beyond Visual Line of Sight Capability (BVLOS) that are designed to travel long distances reliably for logistics & other applications. Redwing team has received 12 awards combined in the US and Asia-Pacific by industry giants such as NASA, Lockheed Martin, Boeing, and Airbus through collegiate competitions and is Forbes 30 Under 30 Asia. Website: Click here for Media Contact Details Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Yahoo
11 hours ago
- Yahoo
Jet-Set CEO's $3M Koenigsegg Jesko Ticketed in London While Dining Nearby
Read the full story on Modern Car Collector A £2.2 million Koenigsegg Jesko hypercar, owned by private jet mogul Ameerh Naran, was slapped with a parking ticket this week after being left on a Kensington street while its owner dined nearby. Naran, the CEO of luxury aviation brokerage Vimana Private Jets, parked the ultra-rare Swedish hypercar on Derry Street, just outside the trendy Dishoom restaurant in West London. Moments later, a Kensington and Chelsea traffic warden issued a bright yellow parking charge notice (PCN), placing it squarely on the carbon-fiber bonnet of the car—an image quickly shared online. With a fine of up to £160 (reduced to £80 if paid within two weeks), the penalty is a small price to pay compared to the Jesko's jaw-dropping $3 million valuation. Powered by a 5.0-liter twin-turbo V8, the Jesko produces 1,280 horsepower on standard fuel—or up to 1,600 hp on E85—and is capable of reaching 62 mph in under three seconds. According to his Instagram posts, Naran, 39, was enjoying lunch at the nearby Rooftop Gardens while the parking incident unfolded. Originally from Zimbabwe, the entrepreneur built his jet charter empire after studying automotive design, and later launched his own hypercar company, Naran Automotive. Despite his aviation focus, cars have remained central to Naran's identity. A former aspiring racing driver, he once told Forbes that he dreamed of building supercars since childhood. His clients—ranging from royals to ultra-high-net-worth individuals—spend up to $1 million a month on private travel, and often shop at elite brands like Harrods, Ferrara Diamonds, and Asprey London. This isn't the first luxury car to run afoul of Derry Street's strict parking rules. Comedian Michael McIntyre had his £195,000 Mercedes-AMG GT R towed from the same location in May after parking in a police-only zone. In a city where even multi-million-dollar cars can't escape traffic enforcement, it seems not even the most elite wheels are above the rules. Follow us on Facebook and Twitter
Yahoo
13 hours ago
- Yahoo
From Pensions to Parental Leave: Sweden's 2025 Benefits System Explained
Explore comprehensive insights into Sweden's employee benefits, covering state, compulsory, and private offerings. Delve into the roles of key institutions like Försäkringskassan, understand the dual social security system framework, and gain strategic insights for informed decision-making. Get your guide to Sweden's welfare landscape. Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Employee Benefits in Sweden 2025" report has been added to report provides in-depth industry analysis, information, and insights of the employee benefits in Sweden, including an overview of the state and compulsory benefits in Sweden, detailed information about the private benefits in Sweden, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Swedish social security system is an integral part of the country's welfare system and is classified into two types: the universal and social insurance system (old system) and unified social insurance, and the individual notional and mandatory individual accounts system (new system), which was established in 1999. The new insurance system covers persons born in or after 1954, while individuals born in or before 1937 are covered by the old system. Except for the earnings-related part of unemployment insurance, the social security regime is compulsory and covers everyone who lives or works in Sweden. To access all these social benefits, an individual requires a personnummer (a Swedish personal identity number) from the Swedish Tax Agency and must register with the Swedish Social Insurance Agency (Forsakringskassan) for a social security Highlights The Swedish Social Insurance Agency (Forsakringskassan), Swedish Pensions Agency (Pensionsmyndigheten), County Councils (Landstingsfullmaktige), Ministry of Employment (Arbetsmarknadsdepartementet), and Ministry of Health and Social Affairs (Socialdepartementet) are responsible for the functioning of the overall social security system in Sweden. A person's national insurance contribution is determined based on their income. An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution. In Sweden, the Confederation of Swedish Enterprise, the Swedish Trade Union Confederation (LO), the Confederation of Swedish Enterprise, and the Council for Negotiation and Co-operation (PTK) sign collective agreements offering voluntary DB pension schemes in Sweden. This report provides a detailed analysis of employee benefits in Sweden: It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits It covers an exhaustive list of employee benefits, including retirement benefits, long-term disability benefit, short-term disability benefit, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, long-term care benefits, minimum resources benefits, unemployment benefits, leaves and holidays and private benefits It highlights the economic and regulatory situations relating to employee benefits in Sweden Reasons to Buy Make strategic decisions using in-depth information related to employee benefits in the country Assess employee benefits of the market, including state and compulsory benefits and private benefits Gain insights into the key employee benefit schemes offered by private employers in the country Gain insights into key organizations governing employee benefits market, and their impact on companies Key Topics Covered: 1. Executive Summary2. Introduction3. Country Statistics4. Overview of Employee Benefits in Sweden5. Regulations6. State and Compulsory Benefits6.1 Retirement Benefits Introduction Eligibility Benefits Payment options Contribution 6.2 Death in Service Introduction Eligibility Benefits Payment options Contribution 6.3 Long-Term Disability Benefits Introduction Eligibility Benefits Payment options Contribution 6.4 Short-Term Disability Benefits Introduction Eligibility Benefits Payment options Contribution 6.5 Medical Benefits Introduction Eligibility Benefits Payment options Contribution 6.6 Workers' Compensation insurance Introduction Eligibility Benefits Payment options Contribution 6.7 Maternity and Paternity Benefits Introduction Eligibility Benefits Payment options Contribution 6.8 Other Benefits Unemployment Benefit Family Benefit Minimum Resources Benefit Long-Term Care Benefits Leaves and Holidays 7. Private Benefits7.1 Retirement Benefits7.2 Death Benefits7.3 Disability Benefits7.4 Medical Benefits7.5 Accidental Death and Dismemberment Benefits7.6 Other Benefits For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
