Autoliv Awarded Safety Business for new 2012 Fiat 500

STOCKHOLM--Autoliv Inc., the worldwide leader in automotive safety, has been awarded the passive safety system for the New 2012 Fiat 500 produced for sale in North and South America.

"We are excited and honoured to be a supplier to Chrysler Group LLC on this high profile model", said Autoliv CEO Jan Carlson. "Historically, Autoliv has been a major supplier of safety systems to both Chrysler Group and Fiat S.p.A., however thanks to our strong global presence and technology leadership, particularly in small car safety restraint systems, we have been entrusted with more Fiat 500 business," added Carlson.

The new 2012 Fiat 500 is manufactured at Chrysler Group's Toluca Assembly Plant in Toluca, Mexico. The new Fiat 500 marks Chrysler Group's entry into the A-segment and is now available in Fiat Studios in North America. In Europe, the Fiat 500 has been a very successful model in the small car segment of the automotive market.

For the Fiat 500 being manufactured in North America, Autoliv will produce both front and rear seatbelts, frontal airbags (driver, passenger and driver side knee airbag), side-impact airbags for pelvic and thorax protection and side curtain airbags for head protection as well as the steering wheel. Autoliv also supplies the passenger airbag and driver knee airbag for the Fiat 500 in Europe.

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 80 facilities with 46,000 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 2010 grew to by 40% to nearly US $7.2 billion. The Company's shares are listed on the New York Stock Exchange 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