Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, announced today that the European Commission has completed the previously communicated investigation regarding suppliers of occupant safety systems.
The EU Commission has completed the investigation, which has been ongoing since June 2011, of anti-competitive behavior among suppliers of occupant safety systems in the European Union and has decided to impose a fine of € 179 M for Autoliv ($ 203 M). The fine will be payable within 90 days.
The fine is less than the accrual of $ 210 M made by Autoliv in the fourth quarter of 2018. The difference between the actual fine and the accrual will be reported in Other income (expense), net, in Autoliv’s first quarter 2019 report.
SOURCE: Autoliv
