Industry association calls on European Commission to allow stakeholders to work collaboratively towards an agreement on the technology catalyzing the mobility of the future and warns against a "premature and cumbersome" legislative decision
Autoliv announced that its Board of Directors has instructed management to conduct a strategic review of its operating structure with the intent to create separate companies of its current business segments, Passive Safety and Electronics.
Unit sales significantly above prior-year level at 822,500 vehicles (+8%)Revenue up by 7% to â‚¬41.2 billionSignificant increase in Group EBIT to â‚¬3.7 billion (Q2 2016: â‚¬3.3 billion)Net profit of â‚¬2.5 billion (Q2 2016: â‚¬2.5 billion)Free cash flow of industrial business of â‚¬3.0 billion in first half of year (Q1-2 2016: â‚¬2.1 billion)Significant growth in unit sales and revenue anticipated for full-year 2017Group EBIT expected to be significantly higher than in 2016Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "We had an excellent second quarter. Our strategy is taking effect. We have set ourselves ambitious targets. And we are achieving them â€“ in terms of unit sales and of profitability."Bodo Uebber, Member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Financial Services: "We are successfully utilizing growth opportunities and making systematic use of business potential as well as the opportunities of digitization. We have the financial resources that are required for this growth path