Autoliv provides market and business update, accelerates mitigating measures and enters loan facility with Swedish Export Credit Corporation
(Stockholm, Sweden, May 29, 2020) – Autoliv, Inc. (NYSE: ALV and 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