Despite the hostile combination of inflation, war, and the consequences of pandemic lockdowns, Swedish car safety systems supplier Autoliv (Stockholm; www.autoliv.com) is sticking with its 2022 forecasts made at the start of the year: the company said sales are expected to rise 12-17% while the operating margin is to grow 5.5-7%.

This is, however, about the only piece of good news from the company. CEO Mikael Bratt said he wants to intensify economy measures by looking closely at “specific projects” and considering job cuts. The company failed to provide details on the subjects when responding to a Plasteurope.com query.

Related: Car component suppliers face major sector shifts

Considering the issues at the firm, its plans for construction of a new plant in Mexico, for example, might be affected by the expected cutbacks. In future, Autoliv also wants to implement price increases more quickly wherever that is possible. At the same time, Bratt said the company has been working closer with customers to make more reliable forecasts regarding order call-offs.