Autoliv Suspends Its Quarterly Dividend To Save Cash
DOW JONES NEWSWIRES
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
- 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;