Autoliv, Inc. ALV recently rolled out the latest financial plans and targets, and briefly outlined its growth opportunities and innovation roadmaps for the next few quarters. Post the announcement, shares of Autoliv were down 2%.Though global car production has been slumping for quite some time due to dismal demand, Autoliv has registered strong order intake till October, 2019. This global leader in automotive safety systems is also focused on rebuilding its operations throughout the entire value chain for state-of-the-art digitalization and automation.The company expects its sales to grow organically by 3%-4% more per year on an average than light vehicle production growth over a 3-5-year period. It is also aimed at achieving an adjusted operating margin of around 12% and maintains its leverage ratio (debt/EBITDA) target of around 1X, in the 0.5X-1.5X band over the same timeframe.Autoliv anticipates to benefit from cost-reduction initiatives and lower raw-material costs in 2020. The company will likely grow organically, backed by solid market-share gains. Also, it is expected to witness stabilization in light-vehicle production. Nevertheless, Autoliv might be plagued with a few headwinds next year, including lackluster inflator replacement sales, and higher depreciation and amortization.Autoliv aims to grow at least in line with the market over the long term (beyond 5 years). The company is focused on achieving an adjusted operating margin of roughly 13%, boosting its earnings capacity.Other Stocks to ConsiderCurrently, Autoliv carries a Zacks Rank #3 (Hold).A few better-ranked stocks in the Auto-Tires-Trucks sector are Spartan Motors, Inc. SPAR, SPX Corporation SPXC and BRP Inc. DOOO, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Spartan Motors has an estimated earnings growth rate of 85.42% for the ongoing year. The company’s shares have surged 123.4% in a year’s time.SPX has an expected earnings growth rate of 23.18% for 2019. The company’s shares have appreciated 58.7% in the past year.BRP has a projected earnings growth rate of 18.49% for the current year. Its shares have gained around 39.2% over the past year.More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a .7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Autoliv, Inc. (ALV): Free Stock Analysis Report Spartan Motors, Inc. (SPAR): Free Stock Analysis Report SPX Corporation (SPXC): Free Stock Analysis Report BRP Inc. (DOOO): Free Stock Analysis Report To read this article on Zacks.com click here.