STOCKHOLM Jan 31 Autoliv, the world's
biggest maker of car safety equipment like seatbelts and
airbags, said it expected a sharp sales fall in the first
quarter of 2013 after reporting a smaller than expected drop in
fourth quarter earnings.
Pretax profit for the fourth quarter fell of 2012 to $170
million from $211 million in the same period of 2011, ahead of
the average forecast in a Reuters poll of $157 million.
It said in a statement that light vehicle production was
expected to decline sharply in the first quater of 2013 in the
western European market to levels not seen since the financial
crisis in 2008-2009.
"As a result, Autoliv's organic sales are expected
to decline by 4 percent in the first quarter of 2013 compared to
the same quarter of 2012," it added.