Autoliv, Inc. - ALV STOCK NEWS

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.

Autoliv reported Q4 2021 net sales of $2,119 million, a 16% organic decline, and $1.31 EPS, down by $0.84 from the previous year. Operating margin fell to 8.2% amid rising raw material costs. For FY 2022, the company anticipates 20% organic sales growth, with a 3% negative FX impact, and operating cash flow expected to be around $950 million. The dividend was raised to $0.64 per share, reflecting strong balance sheet improvements despite a challenging environment.

Autoliv, Inc. (NYSE: ALV) has appointed Sng Yih as the new President of Autoliv China, effective January 2022, succeeding Jennifer Cheng, who retired in November 2021. Sng Yih, an automotive industry veteran, brings substantial leadership experience from Lear Corporation and Tenneco. CEO Mikael Bratt expressed confidence in Sng Yih's ability to lead the high-performing division, emphasizing the importance of the Chinese market for Autoliv's growth. Cheng will remain as a Senior Advisor during the transition period.

Autoliv, Inc. (NYSE: ALV) held a Virtual Capital Markets Day on November 16, 2021, announcing a new stock repurchase program worth up to $1.5 billion over the next three years. CEO Mikael Bratt highlighted significant cost reductions and increased shareholder returns that could exceed $2 billion during this period. The company also updated its growth targets, expecting organic growth of 4%+ compared to light vehicle production and a 12% adjusted operating margin for 2022-2024. Autoliv aims to save 100,000 lives annually by 2030 through its sustainability agenda.

Autoliv, Inc. (NYSE: ALV) has announced a quarterly dividend increase of 3% to 64 cents per share for Q4 2021, up from 62 cents. The dividend will be payable on December 13, 2021 to shareholders of record on November 29, 2021. The ex-dividend date is set for November 25, 2021. This increase reflects Autoliv's commitment to returning value to its shareholders while maintaining its status as a leader in automotive safety systems, having saved over 33,000 lives in 2020 alone.

Autoliv (NYSE: ALV) and Piaggio Group have signed a joint development agreement to create an innovative airbag system for powered two-wheelers, enhancing rider safety. The airbag will deploy quickly upon impact and is part of Autoliv's commitment to saving lives through advanced safety solutions. As the popularity of two-wheelers rises, the addition of airbags complements existing technologies like ABS and ASR. This initiative aligns with Autoliv's sustainability goals to save 100,000 lives annually by 2030.

Autoliv, Inc. (NYSE: ALV) announced its upcoming Capital Markets Day on November 16, 2021, from 2:00 p.m. to 5:00 p.m. CET, which will be a virtual event. The meeting aims to showcase the company’s future products, sustainability roadmap, and opportunities in core and adjacent product areas. Stakeholders are encouraged to attend and participate in a live Q&A session. A press release will be published on the morning of the event, while a replay will be available for two years post-event on Autoliv's website.

Autoliv, Inc. (NYSE: ALV) has declared a quarterly dividend of 62 cents per share for Q3 2021. The payment date is set for September 24, 2021, with the record date on September 9, 2021 and the ex-date on September 8, 2021. As the leader in automotive safety systems, Autoliv's initiatives have contributed to saving over 33,000 lives in 2020. The company reported sales of $7,447 million in 2020, demonstrating its strong market presence and commitment to safety.