The automotive safety supplier will close Turkish plants by mid-2028, shifting production to other EMEA sites amid excess capacity.
Autoliv will eliminate 2,200 positions in Türkiye as it phases out local manufacturing by the first half of 2028. The move follows a regional capacity review that identified surplus production relative to projected demand.
The company expects a $142m pre-tax charge, with $129m in cash costs primarily for severance and retention. A $13m non-cash charge covers asset write-offs. Production of steering wheels, airbags, and seatbelts will relocate to existing EMEA facilities.
Autoliv cited structural shifts in the global automotive sector as the driver behind its footprint realignment.