Autoliv withdraws 2020 guidance and cancels its dividend until COVID-19 pandemic effects can be better assessed
(WorldNews Sweden)

Autoliv is well-positioned to navigate auto industry downturn (Stockholm, Sweden, April 2, 2020) - Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announces additional actions to manage the auto industry downturn caused by the COVID-19 pandemic. Since Autoliv`s March 19th press release, additional actions include: Withdrawing the full year 2020 guidance until the effects of the COVID-19 pandemic can be better assessed; Cancelling the dividend scheduled for June 4, 2020 and suspending future dividends although the Board of Directors will review such suspension on a quarterly basis; and Drawing down $600 million of cash on our existing credit...