UPDATE 1-Autoliv to switch procurement to low-cost countries

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(Adds background) STOCKHOLM, May 26 (Reuters) - Sweden's Autoliv , the world's largest producer of seat belts and airbags, said on Wednesday it would switch more procurement to low-cost countries and said it saw big savings. "It is becoming increasingly important for us to buy material from low-cost countries and we are moving a bigger and bigger part of our procurement to them. The savings potential is enormous," Chief Executive Lars Westerberg told Reuters in an interview. Around ...

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