Autoliv says cuts Q1 operating margin forecast

Newswire

STOCKHOLM, Feb 24 (Reuters) - Airbag and seatbelt maker Autoliv said on Tuesday it expected an operating margin of between minus 5 and minus 10 percent excluding severance and restructuring costs in the first quarter. The firm, which had previously forecast a margin of between minus 5 and minus 7 percent, said in a statement it cut its outlook due to an expected further drop in global light vehicle production in the quarter and industry uncertainty.

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