Autoliv (ALV, Financial) is a supplier of passive safety equipment to the auto industry. The company’s share price declined over 40% in the quarter. Although auto production shutdowns will cause short-term disruptions at the company, its strong balance sheet and new platform launches should help Autoliv grow revenue well in excess of the growth in light vehicle production in the coming years.
From David Herro (Trades, Portfolio)'s Oakmark Intl Small Cap (Trades, Portfolio) Fund first-quarter 2020 shareholder commentary.
