Autoliv to split $500 mln contracts from Ford

Newswire

STOCKHOLM, Sept 30 (Reuters) - Sweden's Autoliv will split contracts worth around $500 million with rival TRW , as auto giant Ford reduces the number of its suppliers, the company said on Friday. "There is an agreement in principal between us and Ford," Autoliv's head of investor relations Mats Odman told Reuters. "We and TRW have together around 75 percent of Ford's contracts for safety systems, and the redistribution relates to the remaining 25 percent. That corresponds to around $500 ...

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