STOCKHOLM — Sweden’s Autoliv cut its 2019 sales growth outlook on Friday, as the car safety equipment maker became the latest casualty of a deteriorating global auto industry to report weaker than expected quarterly earnings.
Autoliv said it was stepping up actions to curb costs, which included plans to cut about 1,000 jobs in r&d and sales and implement a sharper purchasing process. During the past quarter, it cut 1,200 jobs.
