Autoliv Sells Non-core Business

    STOCKHOLM, Sweden, March 23 Autoliv Inc. --
the worldwide leader in automotive safety systems -- announced today that it
has sold its machined parts business in Ogden, Utah.  The operation
manufactures steel components for airbag inflators.

    This divestiture follows upon the sale and closure over the last two years
of eight other non-core units with a total of more than 1,300 employees.  In
addition to reducing operating cost, these transactions and the sales of two
properties have released $60 million that was tied up in these assets.  The
sale of the machined parts business will not have a material effect on
Autoliv's earnings.

    The divested machined parts business had annual sales of approximately
$11 million and 60 employees.  The assets have been sold to several companies.

    "This is not strategic to Autoliv's long-term business plan," said Lars
Westerberg, President and Chief Executive Officer of Autoliv, Inc.  "By
outsourcing these parts we should be able to reduce our cost for components".