STOCKHOLM, June 4 (Reuters) - The CEO of Autoliv ( ALV )

, 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.

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 ( ALV ) 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.