April 28 Autoliv,, the
world's biggest maker of airbags and seatbelts, is expecting
higher raw material costs this year than previously forecast,
Chief Executive Jan Carlson told Reuters after the firm posted
earnings above expecations on Friday.
* Says sees raw materials cost increase of $38 mln in 2017,
vs $31 mln forecast given in February.
* Says on growth in active safety business: "If you take our
core radar and vision business, that business grew around 15
percent in the quarter, while it was around 3 percent for the
whole of active safety".
* Says dampening effect on active safety growth from
ramp-down and phasing out of products, including internally
developed brake control system. Effect will be seen throughout
* Autoliv said in Friday's earnings report it currently sees
some uncertainties relating to light vehicle production growth,
including high inventory levels and slower sales momentum,
especially in North America and China.
"What we are saying is that when it has gone this far in the
business cycle, one needs to be on the alert," Carlson told
(Reporting by Johannes Hellstrom)