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Swedish supplier Autoliv reported quarterly operating earnings fell 17 percent and said it expected like-for-like sales to be virtually flat in the final quarter of the year.
Takata's acquisition is nearly a done deal and should calm down the airbag market. But Sweden's Autoliv is busy snapping up the majority of the contracts it bids on.
Swedish airbag supplier Autoliv is partnering with seat-maker Adient to develop new interior approaches to autonomous vehicles.
Autoliv aims to split into two publicly traded companies covering passive safety and electronics following a strategic review by its management.
Autoliv said its net income dropped 13.5 percent during the company's second quarter from a decline in North American and Chinese auto production.
Volvo and Autoliv are deepening their ties with chipmaker Nvidia in a move intended to help the automaker meet its goal of having an autonomous vehicle on the road by 2021.
The near-collapse of airbag maker Takata has cleared the road for bigger rival Swedish rival Autoliv, but higher orders have yet to translate into share price gains.
Subaru is considering Autoliv's stereo cameras for its driver-assist system as the Japanese automaker looks for options beyond longtime supplier Hitachi, Bloomberg reported.
Autoliv reported an increase in first-quarter earnings but flagged uncertainties relating to light vehicle production growth, including high inventory levels and slower sales momentum,
Key Safety Systems is expected to sign a definitive agreement to acquire troubled Japanese auto supplier Takata by the end of March, according to a person close to the negotiations.
Autoliv, the world's largest airbag and seat belt supplier, reported its net income fell 22 percent in the fourth quarter to $144 million.
Airbag supplier Autoliv reportedly accused competitor Takata Corp. of withholding the information Autoliv needs to make a bid to purchase the troubled company.
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