Autoliv, Inc. - ALV STOCK NEWS

On May 23, 2022, Autoliv (NYSE: ALV) announced the successful refinancing of its existing $1.1 billion revolving credit facility. The new agreement has a five-year maturity and includes two one-year extension options. This arrangement was made with 11 banks and does not impose any financial covenants on Autoliv. The company plans to file the full agreement with the SEC in July 2022. Autoliv remains a leader in automotive safety systems, with 2021 sales totaling $8.2 billion and products that saved an estimated 35,000 lives.

Autoliv, the global leader in automotive safety systems, held its 2022 Annual General Meeting on May 10, 2022. Shareholders approved the election of 11 directors for a one-year term, including Mikael Bratt and Jan Carlson, and ratified the appointment of Ernst & Young as the independent auditing firm for the fiscal year ending December 31, 2022. Additionally, a non-binding resolution regarding executive compensation was approved. The board established its committee memberships, with Jan Carlson serving as the independent Chairman.

Autoliv (NYSE: ALV) reported $2,124 million in net sales for Q1 2022, marking a 5.3% decline year-over-year. Organic sales dropped 1.0%, while EPS stood at $0.94, down $0.85 from the previous year. Operational challenges included raw material costs and supply chain disruptions, leading to a 4.2 percentage point decline in operating margin, now at 6.3%. For the full year, projected organic sales growth is 12%-17% with an estimated operating cash flow of $750-850 million.

Autoliv, the leader in automotive safety systems, has announced its commitment to support the United Nations Road Safety Fund (UNRSF) to tackle global road safety challenges. The initiative aims to reduce road traffic fatalities, which claim 1.35 million lives annually, by aligning with the Global Plan for the Second Decade of Action 2021-2030. Autoliv's efforts include financial contributions to road safety projects in low- and middle-income countries, while striving towards its goal of saving 100,000 lives each year. This partnership underscores the importance of cross-sector collaboration to achieve sustainable development goals.

Autoliv (NYSE: ALV) announced its collaboration with Polestar on the 'Polestar 0' project aimed at developing a climate-neutral car by 2030. This initiative includes partnerships across the automotive supply chain to foster innovation and sustainability in manufacturing. Autoliv commits to becoming carbon neutral in its operations by 2030 and achieving net-zero emissions across its supply chain by 2040. The collaboration focuses on automotive safety innovations such as pyrotechnics and materials for airbags and seatbelts.

The Board of Directors of Autoliv approved a one-year renewal of its €3 billion guaranteed euro medium term note programme (EMTN Programme). This programme allows the Company to raise funds from capital markets and institutional investors through future note issuances, all guaranteed by its parent, Autoliv ASP. The base listing particulars, approved by Euronext Dublin, provide further details and are accessible online. This renewal reflects Autoliv's strategy to leverage market opportunities for financing and support its operational needs.

Autoliv, Inc. (NYSE: ALV) has filed its 2021 Annual Report on Form 10-K with the SEC, available on the SEC Edgar website and autoliv.com. Additionally, the company submitted its 2021 Update and Sustainability Report to the Swedish Financial Supervisory Authority. Autoliv, a leader in automotive safety systems, reported sales of $8.2 billion in 2021, contributing to saving close to 35,000 lives and preventing over 300,000 severe injuries annually. Shareholders can request hard copies of audited financial statements via email.

Autoliv (NYSE: ALV) announces a partnership with Nuro to enhance safety in Nuro's third-generation autonomous delivery vehicle. This vehicle features an innovative exterior airbag designed to protect vulnerable road users, a significant step forward in mobility safety. Nuro’s eco-friendly vehicles operate on renewable energy, and the collaboration marks Autoliv's expansion beyond traditional automotive safety solutions. With this, Autoliv aims to transform automotive safety standards while addressing the alarming rates of traffic fatalities among pedestrians and cyclists.

Autoliv, Inc. (NYSE: ALV) announced its climate targets have been approved by the Science Based Targets initiative as of February 14, 2022. Originally, in June 2021, Autoliv committed to achieving carbon neutrality in its operations by 2030 and net-zero emissions across its supply chain by 2040. The company plans to reduce emissions by utilizing renewable electricity, improving energy efficiency, and developing low carbon products to support customer transitions to zero-emission vehicles. This aligns with ambitious goals to combat climate change.