Autoliv Receives Volkswagen Award

Autoliv, Inc., the worldwide leader in automotive safety, today announced that it has received a Volkswagen Group Award 2007. The award was presented to Autoliv by Volkswagen’s CEO, Professor Dr. Martin Winterkorn and to 25 other suppliers that have “played a decisive role in research & development, product quality, logistics, environment or entrepreneurial performance”. Autoliv received its award in recognition of entrepreneurial performance in product innovation, cost optimization and process improvement.

“Our thanks go to all representatives of the award winner suppliers, but in particular to all the associates in their plants that have made outstanding efforts,” said Professor Winterkorn at the award ceremony.

“We are honored and delighted to be recognized for our contributions to Volkswagen,” said Franz Xaver Weiss, Vice President and responsible for Autoliv’s global Volkswagen business. “This achievement is possible because of the hard work and dedication of all members of our Volkswagen team, as well as Autoliv’s other 42,000 associates globally who consistently strive to keep Autoliv in the worldwide leading position in automotive safety.”

Autoliv has partnered with the Volkswagen Group (Audi, Seat, Skoda, Bentley and Lamborghini) for more than 15 years, providing airbag and seatbelt products across a variety of platforms. “Our relationship with Volkswagen is highly valued,” continued Weiss. “This award recognizes our commitment to supporting Volkswagen as a partner in quality, cost and development. I’m sure there will be new challenges also in the years to come, but I’m convinced that we will be able to manage them with success.”

So far, Autoliv has received a record number of 14 awards from customers for its achievements during 2006. In addition to this award from Volkswagen, the Company has received one award each from Honda and Hyundai-Kia, two awards from General Motors, four awards from Ford and five awards from Toyota.