Mexican Media Brands
Autoliv Profits Rise 9%
Strong demand for replacement airbag inflators linked to Takata Corp. airbag recalls helped boost net income for Autoliv Inc. 9% to $148 million in the second quarter of 2016.
#economics
Share
Strong demand for replacement airbag inflators linked to Takata Corp. airbag recalls helped boost net income for Autoliv Inc. 9% to $148 million in the second quarter of 2016.
Revenue for the period jumped 13% to $2.6 billion. CEO Jan Carlson notes the company also notched gains in seatbelt and safety electronics products. He predicts full-year sales in 2016 will surpass the company’s $12 billion target for 2020.
Autoliv says it expects to deliver 30 million replacement inflators between 2015 and 2018. More than a dozen carmakers so far have recalled roughly 100 million Takata inflators that can misfire and blast metal shards into the passenger compartment.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.