Veoneer posts smaller third quarter loss than expected as cost cuts bite

STOCKHOLM (Reuters) - Swedish auto technology group Veoneer on Wednesday reported a smaller-than-expected third-quarter operating loss, overshadowing a cut to its full-year organic sales forecast and sending shares sharply higher.The company, which makes radars, vision systems and software for advanced driver assistance systems and autonomous driving, said its quarterly operating loss grew to $122 million (£95 million) from a loss of 58 million a year-earlier, better than the mean forecast..