STOCKHOLM — Autoliv expects to meet or exceed its medium-term business growth target while reiterating all of its financial goals for this year, a week after announcing around 8,000 job cuts to save costs. The world’s largest maker of airbags and seatbelts said that due to price increases to offset high-cost inflation, its business expansion was on track to significantly exceed growth in light vehicle production by four percentage points per year. In a statement ahead of its US investor day, Autoliv said when adjusting for those price increases, it would meet or exceed the growth target set for 2022…

The study captures North American automaker-supplier relations as parts makers navigate financial pressures stemming from inflation, unstable automaker production schedules, the shortage of microchips and rising interest rates. Those pressures, which began in late 2019 with the onset of COVID-19 and the UAW’s strike at GM, have tested relations between suppliers and their customers. Suppliers said there needs to be greater and more timely communication and transparency on short-term supply chain disruptions and on any changes in forecasting, Plante Moran reported. And it was found that many parts companies are frustrated by what they see as a disconnect between what…