Autoliv to close Türkiye plants, incur $142M pre-tax charge; cuts 2,200 jobs

AUTOLIV INC

• Closing steering wheel, airbag, and seatbelt plants in Türkiye; production moved to other EMEA sites.
• Expected pre-tax charge ~$142M, majority in Q2 2026; $13M non-cash write-offs, $129M cash for severance.
• Annual pre-tax benefit of $40M beginning 2027, fully realized by 2028.
• ~2,200 employees affected; closure anticipated by first half of 2028.
• Board declared Q2 dividend of $0.87 per share, payable June 8, 2026 to holders of record May 20.

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