Autoliv Honored by General Motors as a 2005 Supplier of the Year

(Stockholm, May 03, 2006) --- Autoliv Inc (NYSE: ALV), the worldwide leader in automotive safety systems, was named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services. Autoliv was selected to this elite group for both its airbags and electronic modules.

“We consider Autoliv to be a role model for all suppliers. They are recognized as a GM Supplier of the Year because they exceeded our expectations in 2005," said Bo Andersson, vice president of Global Purchasing and Supply Chain. "Autoliv is one of the best in the world and we thank them for their hard work and commitment to helping make GM vehicles the best in the world.” The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 85 suppliers for their outstanding perform¬ance throughout 2005. “We are delighted and proud to have been honored by the world’s largest vehicle manu¬facturer with this prestigious award”, said Autoliv’s CEO Lars Wester¬berg. “We see it as an important recognition of our achievements in quality, service, technology and cost savings, and of our contribution to our customers’ sales”. This is the fourth time so far this year that Autoliv receives awards from customers. In January, General Motor honored Autoliv with its Outstanding Performance Award for Autoliv’s “performance in quality, cost, launch and delivery, as well as contributions to production and concept vehicles”. In February, Autoliv received Honda’s Supplier of Excellence Award. This was in recognition of “persistent implementation of value engineering/value added activities, resulting in products with higher quality and performance at lower cost”. From Toyota Motor Corporation Autoliv has received their Value Improvement Award for 2005 which specifically identifies Autoliv's “active quality management efforts” and Autoliv’s “contribution to the quality of Toyota's vehicles”. Toyota also honored Autoliv’s European organization with two Achievement Awards in project management and cost management for the smooth closure of a plant in a high-cost country and for the seamless move of this production to Turkey and other countries. Autoliv Turkey also received a separate award for Quality from Toyota Inquiries: Athur Blanchford, Business Director GM, Autoliv Inc., Tel +1-248-375-6591 Mats Ödman, VP Corporate Communications, Autoliv Inc., Tel +46-708-32 09 33 (mob)