Decelerating Vehicle Production Causes Autoliv Inc. to Miss Earnings Expectations

Decelerating Vehicle Production Causes Autoliv Inc. to Miss Earnings Expectations

Autoliv (NYSE: ALV) didn't like what it spied on the horizon when it reported first-quarter results a few months ago. At that time, CEO Jan Carlson stated that the company saw "some uncertainties relating to light vehicle production growth, including high inventory levels and slower sales momentum, especially in North America and China." Those worrisome trends for slowing light vehicle production didn't go away during the second quarter, causing Autoliv's results to come in below expectations. Furthermore, the company anticipates that those headwinds will persist during the third quarter, which led it to reduce its full-year organic sales growth guidance.

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Q2 2017

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Source: Fool.com