Autoliv: business update, new loan facility

Autoliv provides market and business update, accelerates mitigating measures and enters loan facility with swedish export credit corporation.today provides updates on market and company measures to manage auto industry downturn caused by covid-19 pandemic.april virtually at a standstill in europe and americas.reducing capex ytd april by 30% compared to plan.slow and volatile restart and ramp-up creates efficiency challenges.in europe, autoliv's sales in april declined by 89% compared to april 2019 as almost all our customers were closed down for most of month..in china, autoliv's sales increased by 3% in april 2020 versus. april 2019..close to 100% of oem plants have restarted production and our operations have gradually recovered to above 100% compared to this time last year.latest ihs forecasts from may 14, 2020 indicate almost 50% decline in global light vehicle production in q2 2020 versus. q2 2019..in americas, autoliv's sales in april declined by 96% compared to april 2019 as almost all our customers were closed down.recent industry forecasts indicate that q2 2020 light vehicle production in north america will decline by around 75% versus. q2 2019.total headcount was reduced meaningfully in april, with further reductions expected in may and june.decisive actions position autoliv to manage a challenging period.run rate of total employee related costs in april 2020 was reduced by close to 30% compared to q1 2020.
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