Swedish airbag maker Autoliv shifts tariff costs onto customers, confirms outlook
STOCKHOLM (Reuters) -Car parts supplier Autoliv successfully passed the full costs of tariff increases onto clients in the first quarter after setting up a task force to react to the shifting duties, it said on Wednesday, as it confirmed its full-year guidance. Mikael Bratt, CEO of Autoliv, the world's largest producer of airbags and seatbelts, said his company was mostly affected by tariffs between the United States and Mexico and Canada, with the Americas accounting for 33% of the company's net sales. Autoliv put in place what he called a task force at the beginning of the year to focus on volatility caused by the tariffs and make adjustments where required, he told Reuters.