Autoliv to acquire Delphi passive safety assets in Europe

(Stockholm, December 7, 2009) --- Autoliv Inc. (NYSE: ALV and SSE: ALIV), the worldwide leader in automotive safety, has been awarded the safety products for the SMART from Daimler, currently supplied by Delphi. As a result Autoliv has agreed to acquire certain assets of Delphi’s European airbag and steering wheel operations.

Earlier this year, Delphi announced that it planned to exit its Occupant Passive Safety (OPS) business in North America, Europe and Asia before December 31, 2009. Under the terms of this agreement, Autoliv will acquire specific production lines of Delphi’s airbag and steering wheel operations in Europe. This transition to Autoliv facilities will take place during the next several months. “This is an important step for our company to gain such a high-profile platform, which reinforces our long-term commitment to improving real-life safety for small cars,” stated Jan Carlson, CEO and President of Autoliv. “and of course we are always pleased to support our customers.” added Mr. Carlson. The awarded business from Daimler is expected to generate approximately 15 million Euros or 22 million USD of annual sales in 2010. In November, Autoliv announced agreement to acquire certain North American airbag, seatbelt and steering wheel assets from Delphi that are expected to generate sales of $125 million in 2010. Inquiries: Jan Carlson, President and CEO, Autoliv Inc. Tel +46 8-587 20 600 About Autoliv Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 36,000 employees in 28 vehicle-producing countries. In addition, the Company has technical centers in eleven countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2008 amounted to US $6.5 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 www.autoliv.com.