|Bid||69.50 x 1000|
|Ask||69.49 x 1200|
|Day's Range||69.26 - 71.56|
|52 Week Range||38.16 - 87.01|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||28.36|
|Earnings Date||Jul 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 18, 2020|
|1y Target Est||63.19|
(Bloomberg) -- The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus on Friday when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.Renault SA said it will eliminate about 14,600 workers worldwide and lower production capacity by almost a fifth as part of a sweeping three-year overhaul. The cuts in France were unveiled just as Stockholm-based Autoliv Inc., the world’s largest supplier of seat belts and airbags, said it’s also culling workers. And in Germany, BMW AG chimed in with sweetened incentives to get 5,000 workers to leave, while supplier ZF Friedrichshafen laid plans to eliminate as many as 15,000 positions.The thinning-out come as the continent’s auto sector emerges from a double blow dealt by the health crisis, which first snarled manufacturers’ supply chains that were reliant on parts from China, where the outbreak began. Then strict lockdowns in countries like France, Germany and the U.K. shut factories and dealerships overnight, leaving consumers at home and car inventories to pile up. As people around the world begin to emerge from self-isolation, there’s no telling when the public will start shelling out to buy new cars again.“This adverse economic situation has shown the limits of our business model, which was betting on unprecedented growth in emerging markets and in sales volumes,” acting Renault Chief Executive Officer Clotilde Delbos said as she provided details about how the bloated company would proceed with a deep and painful downsizing following years of expansion.The measures by the European companies herald a tricky time for politicians and top management. Governments extended unprecedented financial aid to keep businesses afloat and workers employed, and now companies are facing the necessity to re-size their industrial footprint to reflect shrinking demand.Renault’s plan includes the politically delicate task of trimming 4,600 positions in France, or about 10% of the carmaker’s total in its home country, through voluntary retirement and retraining. More than 10,000 further jobs will be scrapped in the rest of the world, pruning a global workforce of about 180,000 people.The measures round off a decisive week for the French company and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion under the alliance’s former leader, Carlos Ghosn, who was arrested in late 2018.The European car industry is particularly hard hit by the pandemic crisis because of overcapacity before the virus hit. Fiat is asking for a $6.9 billion state-backed loan to save its Italian operations and Volkswagen AG is facing pressure from German labor groups worried about job cuts at home. In Spain, Renault’s partner Nissan is contending with angry workers protesting a plan to close a plant in Barcelona, while French unions have called for a strike at a plant in the north of the country.In Germany, BMW is treading carefully around head-count reduction, negotiating with unions about giving more incentives to workers to persuade them to leave. It has been unable to meet its staffing reduction goal with existing measures, Chief Financial Officer Nicolas Peter said in an internal posting confirmed by the company. Those have included placing employees on unpaid leave and reducing working hours for those on shorter contracts.Parts MakersZF, one of the world’s biggest suppliers of brakes and other automotive parts, will pare back by between 12,000 and 15,000 jobs, according to people familiar with the matter, or 10% of its global workforce.At Autoliv, Chief Executive Officer Mikael Bratt said the company’s largest markets in the Americas and Europe were at a virtually stand still in April and a slow and volatile restart is leading to job cuts in the three months through June.“With our largest markets Americas and Europe virtually standing still in April, the challenges we are managing in the second quarter are unprecedented,” Bratt said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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.
Sweden's Autoliv , the world's largest maker of airbags and seatbelts, on Friday said it had seen a very challenging start to the second quarter with the North American and European markets grinding to a halt in April. "With our largest markets Americas and Europe virtually standing still in April, the challenges we are managing in the second quarter are unprecedented," Autoliv CEO Mikael Bratt said in a statement. In Europe, Autoliv's sales in April declined by 89% compared to a year earlier, while sales fell by 96% in the Americas region.
For 2020, Autoliv (ALV) expects light-vehicle markets to witness a slump due to softening consumer confidence, trade tariffs and COVID-19 impacts, which in turn are likely to weigh on earnings.
Autoliv, Inc. (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced the results of its annual general meeting of stockholders held today.
Shares of Autoliv (NYSE:ALV) rose over 7% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 26.67% year over year to $0.88, which beat the estimate of $0.81.Revenue of $1,846,000,000 less by 15.09% from the same period last year, which missed the estimate of $1,870,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 24, 2020View more earnings on ALVTime: 01:02 AM ETWebcast URL: https://www.autoliv.com/investors/calendarTechnicals Company's 52-week high was at $87.0152-week low: $38.16Price action over last quarter: down 21.17%Company Description Autoliv is the global leader in safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. Research and development is a vital part of the company's strategy, as Autoliv regularly spends about 5% of sales to maintain a competitive advantage.See more from Benzinga * Recap: Portland General Electric Q1 Earnings * Recap: Synovus Financial Q1 Earnings * First Hawaiian: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NEW YORK, NY / ACCESSWIRE / April 24, 2020 / Autoliv, Inc. (NYSE:ALV) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 24, 2020 at 8:00 AM Eastern ...
Harvard Business School Professor Robin Greenwood joins Yahoo Finance’s Seana Smith to discuss his policy proposal with an MIT Sloan professor to help the economy recover after the coronavirus pandemic.
Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announces a change in location of the Annual Stockholder Meeting.
Sweden's Autoliv , the world's biggest airbag maker, on Wednesday withdrew its 2020 forecast due to the coronavirus crisis, suspended its dividend and said it had drawn the remaining $600 million from its existing credit line. "Today we announce a number of additional actions taken by the company to continue to manage the effects brought on by the COVID-19 pandemic," CEO Mikael Bratt said in a statement. Autoliv said it believed it has a robust position in terms of both capital and liquidity.
Rating Action: Moody's places ratings of 14 European Automotive parts suppliers under review for downgrade; downgrades six issuers. Global Credit Research- 26 Mar 2020. Frankfurt am Main, March 26, 2020-- ...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
To the annoyance of some shareholders, Autoliv (NYSE:ALV) shares are down a considerable 45% in the last month. That...
Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announced that the coronavirus (COVID-19) outbreak will likely lead to a negative effect on the Company's operations due to how the outbreak is affecting the automotive industry in general. The extent of such negative impact remains to be seen. Autoliv has tapped $500 million from its revolving credit facility to pay down existing short-term debt and for general corporate purposes. Autoliv is continuously monitoring the evolving COVID-19 pandemic and proactively taking measures to minimize any consequences for customers and mitigate the impact on the Company.
Sweden's Autoliv said on Thursday it was cutting costs to limit the impact from the coronavirus outbreak, and said it had tapped $500 million from its revolving credit facility to partly pay down short-term debt. The company, the world's biggest maker of airbags, said it needed to take measures due to the large number of plant closures at clients in recent days and expected ahead, and said it estimated that 63 customer plants in Europe would close or had already closed. "Autoliv will adjust its production in accordance with the development of the demand situation, and it cannot be excluded that temporary Autoliv plant closures may become necessary."
Autoliv Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, releases a series of recommendations to improve road safety in India. The recommendations have been developed in cooperation with the Indian government, local authorities, and stakeholders.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
STOCKHOLM, Feb. 28, 2020 Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in vehicle safety systems, announced today that Dan Garceau has notified the company that he is resigning as President of Autoliv Americas to pursue another position outside the company.
Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announced that it has joined Together for Safer Roads (TSR), a coalition of leading private sector companies dedicated to preventing traffic crashes, injuries and deaths on roadways around the world. Specifically, Autoliv will be an integral member of the coalition's Global Leadership Council for Fleet Safety, a TSR program that uses peer-to-peer knowledge-sharing to help smaller fleet operators create safety cultures and reduce risk.
The Funding Committee of the Board of Directors of Autoliv, Inc. (NYSE: ALV) (SSE: ALIV-SDB) (the "Company") approves the renewal for one year of its EUR 3,000,000,000 guaranteed euro medium term note programme (the "EMTN Programme"), which was originally established on 11 April 2019.
Sweden's Autoliv, the world's biggest maker of airbags and seatbelts, on Friday affirmed its full-year growth and margin forecasts in spite of the coronavirus outbreak in China, which has caused major disruptions to businesses across the country. Chief Executive Mikael Bratt told Reuters that the forecast so far remained intact in spite of the situation in China, where industries have been forced into widespread shutdowns, but are now gradually resuming production. Autoliv has 15 plants in China and more than 8,000 staff.