Correction prompted by the release from the Nomination Committee of Volvo AB

(Stockholm, February 23, 2007) – – – According to an announcement from the Nominating Committee of Volvo AB Mr. Lars Westerberg will retire as Chief Executive Officer of Autoliv Inc. to become Chairman of Autoliv Inc.

No such decision has been made by the Board of Directors of Autoliv Inc.

The content of the announcement from Volvo’s nomination committee was not known to Autoliv

Mats Odman, VP Corp. Communications. Tel 08/587 20 623

About Us

Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 80 facilities with 70,000 employees in 27 countries. In addition, the Company has 22 technical centers in nine countries around the world, with 19 test tracks, more than any other automotive safety supplier. Sales in 2016 amounted to about US $10.1 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at


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