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Deutsche Bank downgrades auto-related stocks, car sales view

LONDON (MarketWatch) -- Deutsche Bank downgraded TRW Automotive , Autoliv and American Axle , all to hold from buy, as part of a note in which the broker cut its estimates on U.S. car sales. It now sees auto sales of 14 million this year, down from a previous view of 14.5 million, and expects 2009 to be the same, down from a 15 million unit forecast. It has observed weakening sales trends in Western...

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Autoliv laying off up to 3,000 workers

Swedish auto safety systems maker Autoliv Inc. said Tuesday that it will cut up to 3,000 jobs about 7 percent of its work force to reduce costs, in the wake of falling car sales in Europe and North America.

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Auto news in brief: Belt maker plans cuts

Swedish air bag and seatbelt supplier Autoliv Inc., which has its North American headquarters and a technical center in metro Detroit, plans to cut as many as 3,000 jobs.

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Air bag maker Autoliv to lay off up to 3,000

Swedish auto safety systems maker Autoliv Inc. said Tuesday that it will cut up to 3,000 jobs about 7 percent of its work force to reduce costs, in the wake of falling car sales in Europe and North America.

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Air bag maker Autoliv to lay off up to 3,000

STOCKHOLM -- Swedish auto safety systems maker Autoliv says it will cut up to 3,000 jobs -- about 7 percent of its work force -- to reduce costs and improve profitability.

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UPDATE 1-Autoliv cuts forecast, jobs as market weighs

STOCKHOLM, July 22 (Reuters) - World number one air bag and seat belt maker Autoliv said on Tuesday it would cut its full-year outlook and shed upto 3,000 jobs in the face of weakening auto markets and soaring raw material costs.

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Autoliv: Financial Report April - June 2008

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: Autoliv Inc (NYSE:ALV)(STO:ALIV): Sales: $1,908 million

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Autoliv Q2 lags forecast, firm cuts forecast and jobs

STOCKHOLM, July 22 (Reuters) - World number one air bag and seat belt maker Autoliv posted a slightly smaller-than-expected rise in quarterly pretax profit on Tuesday and cut its full-year forecast, citing declining auto markets.

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Bolivia wants pension funds nationalized

Bolivia’s president is seeking to nationalize two of his country’s biggest private pension funds, which manage assets worth more than $3 billion. A bill that President Evo Morales plans to send to Congress this week would put Bolivian pensions under control of an “autonomous and decentralized” agency, eliminating private funds administered by Swiss group Zurich Financial [...]

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New President Autoliv Europe

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

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Autoliv: Cashing in on Safety

Ali Khan submits: Firstly, it’s a scary market out there. Don’t get into new picks and dump more money unless you’re comfortable tying your money up for at least a year, perhaps several years. Secondly, I’ve been doing some research on “the next big growth area” or whatever you want to call it, and I’m finding that developing nations are now slowly mandating the installation of airbags in all vehicles....

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CSM Worldwide Expands Asian Operations With New Office in Korea, Names Chan Kyu Lim Director

NORTHVILLE, Mich., July 14 /PRNewswire/ -- CSM Worldwide has announced the opening of a new office in Seoul, South Korea, adding to the firm's portfolio of comprehensive coverage in the Asian region, which includes offices in China, India, Japan and Thailand. "Korea, as the fifth-largest producer of light vehicles globally, is fast becoming a highly influential force in growth markets," said Craig Cather,...

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