Autoliv to acquire Delphi passive safety assets in North America

(Stockholm, November 17, 2009) --- Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety, has agreed to acquire North American airbag, seatbelt and steering wheel assets from Delphi.

Earlier this year, Delphi announced that it planned to exit its Occupant Protection Safety (OPS) business in North America, Europe and Asia by December 31, 2009. Under the terms of the agreement, Autoliv will acquire Delphi’s steering wheel operations in Matamoros, Mexico. These operations are considered “world class” in the automotive and heavy truck industry. Delphi’s North American airbag and seatbelt assets will be consolidated into existing Autoliv facilities. This transition is expected to occur during the next several months. “We are particularly excited to have the opportunity to improve our vertical integration capability and competence in steering wheels in North America. The agreement also gives us an opportunity to provide our customers a seamless transition in supply of airbags and seatbelts, as our own plants already are important suppliers to these customers,” stated Jan Carlson, CEO and President of Autoliv. Existing customers include General Motors, Hyundai, Ford, Daimler and Navistar with expected combined sales of approximately US$125 Million in 2010. The transaction is expected to close by December 31, 2009. Inquiries: Jan Carlson, President and CEO, Autoliv Inc. Tel +46 8 587 20656 Mike Ward, President Autoliv Americas, Tel +1 801 625 8214 Ray Pekar, Director IR and Business Development, Tel +1 519 973 3799