Decelerating Vehicle Production Causes Autoliv Inc. to Miss Earnings Expectations
Autoliv (NYSE: ALV) didn't like what it spied on the horizon when it reported first-quarter results a few months ago. At that time, CEO Jan Carlson stated that the company saw "some uncertainties relating to light vehicle production growth, including high inventory levels and slower sales momentum, especially in North America and China." Those worrisome trends for slowing light vehicle production didn't go away during the second quarter, causing Autoliv's results to come in below expectations. Furthermore, the company anticipates that those headwinds will persist during the third quarter, which led it to reduce its full-year organic sales growth guidance.
Metric
Q2 2017
Source: Fool.com
General Motors Corp Stock
€42.21
0.820%
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 8.99% for General Motors Corp compared to the current price of 42.21 €.
