Autoliv, Inc. ALV 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, Allison Transmission Holdings, Inc. ALSN and Dana Incorporated DAN.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 PoliciesIf 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 >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Autoliv, Inc. (ALV): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research