Swedish airbag maker Autoliv shifts tariff costs onto customers, confirms outlook
Răzvan Botea
STOCKHOLM :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. U.S. tariffs on foreign auto imports that are expected to raise car prices by thousands of dollars, reducing demand and hurting job growth, have rattled an automobile industry already struggling with a difficult transition to electric vehicles.
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