- Autoliv Inc ALV collaborated with steel company SSAB AB to research and develop fossil-free steel components for automotive safety products such as airbags and seatbelts.
- The partnership enables Autoliv to be at the forefront of producing automotive safety products with fossil-free steel from SSAB.
- The partnership is in line with Autoliv's ambition to become carbon neutral in its own operations by 2030 and its target of net-zero emissions across its supply chain by 2040.
- "Gradually switching to fossil-free steel in our products is an important step towards achieving our climate targets," said Autoliv CEO Mikael Bratt.
- Price Action: ALV shares closed higher by 0.29% at $102.31 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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