Market Overview

Autoliv Expands China Tech Center

Autoliv (NYSE: ALV) has decided to expand its technical center for active
safety and vehicle restraint development in Shanghai, China. It will
allow the Company to increase its crash testing, engineering of passive
and active safety systems, as well as global core airbag development in
China.

Currently, 6% of Autoliv's 7,200 employees in China work in engineering
and product development including our vehicle crash testing center.
These 430 employees represent 10% of Autoliv's global headcounts in
research, development engineering (R,D&E).

Autoliv is investing an estimated $8 million in this building and test

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global

 

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