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ALV Allianz AG

297.40
0.89999 (0.30%)
03 Jan 2025 - Closed
Realtime Data
Share Name Share Symbol Market Type
Allianz AG TG:ALV Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.89999 0.30% 297.40 297.00 297.70 298.90 296.30 296.70 49,721 22:50:02

Autoliv Suspends Its Quarterly Dividend To Save Cash

18/02/2009 9:07am

Dow Jones News


Allianz (TG:ALV)
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   DOW JONES NEWSWIRES 

Autoliv Wednesday said it is suspending its quarterly dividend to further preserve cash as a precautionary measure in the current turmoil in the auto industry.

 
   MAIN FACTS: 
 

- Global light vehicle production has continued to decline and it is impossible to asses how long the current recession in vehicle production will continue.

- In the current environment, there is also risk for customer payment defaults.

- The Autoliv board has therefore decided to suspend the Company's quarterly dividend for the second quarter.

- This decision is in addition to several other cash-enhancing steps already taken by management.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com

 
 

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