Autoliv Wednesday said it is suspending its quarterly dividend to further preserve cash as a precautionary measure in the current turmoil in the auto industry.


- Global light vehicle production has continued to decline and it is impossible to asses how long the current recession in vehicle production will continue.

- In the current environment, there is also risk for customer payment defaults.

- The Autoliv board has therefore decided to suspend the Company's quarterly dividend for the second quarter.

- This decision is in addition to several other cash-enhancing steps already taken by management.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090;