Autoliv Provides Market and Business Update, Accelerates Mitigating Measures and Enters Loan Facility With Swedish Export Credit Corporation
Autoliv, Inc. (ALV)
Last autoliv, inc. earnings: 4/24 06:00 am
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Source: PR Newswire
STOCKHOLM, May 29, 2020 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today provides updates on market and company measures to manage the auto industry downturn caused by the COVID-19 pandemic. April virtually at a standstill in Europe and Americas Slow and volatile restart and ramp-up creates efficiency challenges Total employee related run-rate costs lowered by almost 30% Reducing capex YTD April by 30% compared to plan Securing up to SEK 6 billion in loans from the Swedish Export Credit Corporation"With our largest markets Americas and Europe virtually standing still in April, the challenges we are managing in the second quarter are unprecedented." says Mikael Bratt, President and CEO. "When the industry and Autoliv now moves on to the next phase - the restart and ramp-up outside China - it requires a continued focus on the health and safety of our employees as well as continued daily optimization of our resources to a low
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ALV
Earnings
- 1/26/24 - Beat
ALV
Sec Filings
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- ALV's page on the SEC website