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Autoliv works to prevent disruptions as China limits rare earth exports.

companies :: 2025-06-04 :: source - reuters

By Reuters

(Reuters) - The CEO of Autoliv (ALV.N) , the world's biggest maker of airbags and seatbelts, said on Wednesday that the company was working to tackle challenges posed by Chinese restrictions on rare earth magnets though it does not foresee production halts in the coming weeks.

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Several European auto supplier plants and production lines have been shut down due to a shortage of rare earths caused by China imposing restrictions on exports, Europe's auto supplier association CLEPA said on Wednesday, warning of further outages to come.

Autoliv CEO Mikael Bratt told Reuters in an interview ahead of its capital markets day that the company had set up a task force to manage the situation.

The company was not experiencing any production halts due to the restrictions, Bratt said adding that he did not expect any problems to occur in the next few weeks.

"We are all hands on deck across all these different challenges here," he said.

Reporting by Marie Mannes, writing by Louise Breusch Rasmussen, editing by Stine Jacobsen