Autoliv to acquire Delphi passive safety operations in Asia

(Stockholm, January 28, 2010) --- Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety, has agreed to acquire substantially all of Delphi’s Occupant Protection Systems (OPS) operations in Korea and China. These operations are expected to generate approximately US$250 million of annualized sales in 2010.

Under the terms of the Asian agreement announced today, Autoliv will acquire substantially all of Delphi OPS operations in Korea and China. The transaction includes intellectual property, physical assets and a highly skilled workforce of approximately 600 associates in Korea and China. Existing customers include HKMC (Hyundai, Kia)Chery and Tata. In the fourth quarter 2009, Autoliv separately acquired assets related to Delphi’s OPS operations in Europe and North America. These transactions are expected to add approximately US$150 million to Autoliv sales during 2010. “We are very satisfied to have now finalized agreements to acquire virtually all of Delphi OPS operations worldwide,” stated Jan Carlson, President and CEO of Autoliv. “This most recent agreement further improves our already strong market position in Korea and China and reinforces our growth strategy for Asia,” added Carlson. The Asian transaction is expected to close by March 31, 2010, subject to regulatory approvals and customary closing conditions. Inquiries: Jan Carlson, President and CEO, Autoliv Inc., Tel +46 8 587 20 600 Mike Hague, President Autoliv Korea, Tel + 82 10 5161 6503 Ray Pekar, Director IR and Business Development, Tel +1 519 973 3799