Fiat and Chrysler honor Autoliv with Supplier of the Year Award
Stockholm – Autoliv Inc. (NYSE: ALV and SSE: ALIV sdb) – the worldwide leader in automotive safety systems – was honored with the “Supplier of the Year” prize at the Fiat Chysler award ceremony for suppliers in Europe, Middle East and Africa (EMEA) held in Torino, Italy, last week.
At the award ceremony, Sergio Marchionne, CEO of Fiat and Chrysler, presented Autoliv with the award for best performance of all suppliers to the group in EMEA. Autoliv was recognized for “providing best-in-class quality and financial performance, as well as for its ability to serve as a top-performing system supplier for complex safety and restraint applications.”
“We are proud and humbled to have been recognized by Fiat as a winner of their Supplier of the Year award”, said Autoliv’s Vice President Quality and Manufacturing Svante Mogefors who received the award from Mr. Marchionne.
Autoliv currently supplies radar systems, airbags, seatbelts, steering wheels and safety electronics to the Fiat Chrysler group. In 2012, Fiat Chrysler accounted for 7% of Autoliv’s global sales.
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 more than 80 facilities with over 55,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2012 amounted to US $8.3 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.
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