Autoliv withdraws 2020 guidance and cancels its dividend

Autoliv withdraws 2020 guidance and cancels its dividend until covid-19 pandemic effects can be better assessed.autoliv withdraws 2020 guidance and cancels its dividend until covid-19 pandemic effects can be better assessed.withdrawing full year 2020 guidance until effects of covid-19 pandemic can be better assessed.cancelling dividend scheduled for june 4, 2020 and suspending future dividends although board of directors will review such suspension on a quarterly basis.drawing down $600 million of cash on our existing credit line.capital expenditure plans are reviewed with ambition to reduce spend in 2020.all divisions and functions are planning and implementing cost reduction actions.in china, our operations have gradually recovered to around 90% compared to this time last year.cost savings will contribute to other actions being taken to manage business over several months of reduced customer demand.production recovery has been in balance with customer demand recovery since mid-february.in south korea, indonesia and japan, majority of company's plants are currently operating relatively close to planned output.in europe, americas, india, malaysia and philippines, almost all of company's plants are currently closed.most customer plant closures are currently planned to be between two weeks and one month.we expect some plant closures to be extended.
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