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Stock Market & Financial Investment News

News Breaks
November 23, 2012
08:49 EDTALVAutoliv announces U.S. expansion plans
In addition to the recently announced new propellant factory in China, Autoliv announced it is adding a sixth processing facility at its Promontory, Utah location to meet growing demand for airbag gas generant. The new facility in Promontory will add 20% more capacity to Autolivís existing global gas generant production capabilities. Capital investment is expected to cost approximately $13M. The company also announced plans to expand its Tremonton, Utah facility to keep pace with market growth for initiators and micro gas generators used in its airbag and seatbelt products. The majority of floor space added in this $5M expansion is slated for new production lines which could supply up to 30% more capacity when the space is fully utilized. Current plans call for just two new lines to be completed in 2013 adding 10% more initiator capacity, the company said.
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March 25, 2015
09:16 EDTALVAutoliv reaches additional antitrust settlements for $81M
Autoliv announced that it has reached agreements regarding additional settlements to resolve certain direct purchasersí global -- including U.S. -- or non-U.S. antitrust claims which were not covered by its earlier U.S. direct purchaser antitrust class action settlement. The total amount of these additional settlements is $81M. The effect on Autolivís 1Q15 reported operating income is expected to be around $77M. "In entering into these settlements, Autoliv does not admit any liability and is settling for the purpose of avoiding the uncertainty, risk, expense and distraction of potential litigation or other adversarial proceedings and in the interest of maintaining positive relationships with its customers," said the company.
March 16, 2015
13:18 EDTALVNeonode, Autoliv sign development and license agreement for sensing product
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