STOCKHOLM, July 18 Auto safety gear maker
Autoliv posted second quarter earnings just
below market expectations on Friday but raised its forecast for
like-for-like sales growth this year while maintaining its
outlook for a steady operating margin.
Operating profit at Autoliv, the world's biggest maker of
safety gear such as seat belts and airbags, fell to $139 million
from a year ago $194 million to miss a mean forecast for $145
million in a Reuters poll.
The profit decline was mainly due to previously flagged
costs of around $70 million related to the settlements of class
action lawsuits in the United States.
(Reporting by Niklas Pollard and Helena Soderpalm, editing by