Autoliv to close Turkey manufacturing plants by 2028
Autoliv will close its Turkish plants by 2028 to address overcapacity and rising costs. The move affects 2,200 jobs and results in a $142 million pretax charge.
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AUTOLIV INC will shutter its manufacturing operations in Turkey by the first half of 2028, affecting 2,200 employees. The move responds to a global automotive slowdown that has forced major carmakers to reduce production capacity. Investors are monitoring how the $142 million restructuring charge impacts Autoliv's margins as it consolidates its European footprint.
