Autoliv (ALV) to Acquire Delphi Passive Safety Assets in North America

Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety, has agreed to acquire North American airbag, seatbelt and steering wheel assets from Delphi. The agreement is to supply of airbags and seatbelts, as our own plants already are important suppliers to these customers, existing customers include General Motors, Hyundai, Ford, Daimler and Navistar with expected combined sales of approximately US$125M in 2010. The transaction is expected to close by December 31, 2009.

Autoliv Inc.(ALV), the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world.