Autoliv employee receives U.S. Government Award for Safety Engineering Excellence

  Autoliv employee receives U.S. Government Award for Safety Engineering
  Excellence

Business Wire

STOCKHOLM, Sweden -- June 4, 2013

Regulatory News:

Dr. Rikard Fredriksson, Director of Biomechanics and Restraints at Autoliv
Research in Vårgårda, Sweden, has received a U.S, Government Award for Safety
Engineering Excellence. The prestigious award was handed to Dr. Fredriksson by
Mr. David L. Strickland, administrator at the U.S. National Highway Traffic
Safety Administration, (NHTSA) during the 23rd Conference for Enhanced Safety
of Vehicles in Seoul, South Korea.

Rikard Fredriksson has worked in the field of pedestrian protection since
1998, and received the award ”in recognition of and appreciation for
exceptional scientific contributions in the field of motor vehicle safety
engineering and for distinguished service to the motoring public”.

The research performed by Rikard Fredriksson in the area of pedestrian
protection has been pioneering and of great value. It has resulted in new
innovative safety systems, which have the potential to considerably contribute
to the enhancement of safety of vulnerable road users. Rikard Fredriksson is
today a well-known researcher and authority in this field.

Dr. Fredriksson’s doctoral thesis from 2011 has the title “Priorities and
Potential of Pedestrian Protection”. Already at the ESV conference in 2001
Rikard Fredriksson presented the potential of a pedestrian protection system
with lifting of a car´s hood to decrease the risk of head injury. At the
Frankfurt Motor Show the same year a supplementary system with external
A-pillar airbags was shown. This early work paved the way for the hood lifting
system first introduced by Jaguar in 2005 and the pedestrian protection airbag
introduced by Volvo Cars in the new V40 model in 2012.

Today his work focuses on integrating passive and active safety systems for
pedestrian protection, and includes cyclists in addition to pedestrians, both
areas that have the potential to significantly enhance the safety for
vulnerable road users.

About Autoliv

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 approximately 80
facilities with 52, 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.

Safe Harbor

This report contains statements that are not historical facts but rather
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include those
that address activities, events or developments that Autoliv, Inc. or its
management believes or anticipates may occur in the future. All
forward-looking statements, including without limitation, management’s
examination of historical operating trends and data, are based upon our
current expectations, various assumptions and data available from third
parties. Our expectations and assumptions are expressed in good faith and we
believe there is a reasonable basis for them. However, there can be no
assurance that such forward-looking statements will materialize or prove to be
correct as forward-looking statements are inherently subject to known and
unknown risks, uncertainties and other factors which may cause actual future
results, performance or achievements to differ materially from the future
results, performance or achievements expressed in or implied by such
forward-looking statements. Because these forward-looking statements involve
risks and uncertainties, the outcome could differ materially from those set
out in the forward-looking statements for a variety of reasons, including
without limitation, changes in and the successful execution of our capacity
alignment, restructuring and cost reduction initiatives discussed herein and
the market reaction thereto; changes in general industry or regional market
conditions; loss of business from increased competition; higher raw material,
fuel and energy costs; changes in consumer and customer preferences for end
products; customer losses; changes in regulatory conditions; customer
bankruptcies or divestiture of customer brands; unfavorable fluctuations in
currencies or interest rates among the various jurisdictions in which we
operate; fluctuation in vehicle production schedules; component shortages;
market acceptance of our new products; costs or difficulties related to the
integration of any new or acquired businesses and technologies; continued
uncertainty in pricing negotiations with customers, our ability to be awarded
new business; product liability, warranty and recall claims and other
litigation and customer reactions thereto; higher expenses for our pension and
other postretirement benefits; work stoppages or other labor issues; possible
adverse results of pending or future litigation or infringement claims;
negative impacts of antitrust investigations or other governmental
investigations and associated litigation (including securities litigation)
relating to the conduct of our business; tax assessments by governmental
authorities dependence on key personnel; legislative or regulatory changes
limiting our business; political conditions; dependence on customers and
suppliers; and other risks and uncertainties identified under the headings
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in our Annual Reports

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Contact:

Inquiries: Thomas Jönsson, Vice President
Corporate Communications
Tel + 46 8 587 20627
 
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