Autoliv Honored By GM as a 2006 Supplier of the Year

STOCKHOLM, Sweden--Autoliv , the worldwide leader in automotive safety systems, was recognized by General Motors as a 2006 Supplier of the Year in Airbag Modules, Steering Wheels and Electronics Modules. The 15th annual award – the “Best of the Best” – was given during ceremonies in Orlando, Florida.

“We are proud to honor Autoliv as one of the ‘Best of the Best’ GM suppliers in 2006,” said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. “Autoliv achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM.”

Arthur Blanchford, Autoliv’s Vice President, GM Global Business Unit, said: “We are thrilled to receive this prestigious award. It acknowledges the hard work and sustained commitment of our employees to meet the ever higher demands set by GM and the automotive industry. We are very pleased to be recognized for our role in complementing GM’s leadership in the production of world-class products.”

The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 89 suppliers for their outstanding performance throughout 2006.

So far this year, Autoliv has received a total of eight awards from customers for its achievements during 2006. In addition to this Supplier of the Year Award from GM, Autoliv has received an Outstanding Performance Award from GM, a Supplier of the Year Award from Hyundai-Kia and five different awards from Toyota.

Autoliv Inc., the world-leading supplier of automotive safety systems, develops and manufactures mainly airbags, seatbelts, safety electronics and steering wheels for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 42,000 employees in 28 vehicle-producing countries. In addition, the company has technical centers in twelve countries around the world, including 21 test tracks, more than any other automotive safety supplier. Sales in 2006 amounted to US $6.2 billion. The Company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the Stockholm Stock Exchange (STO:ALIV). More information on Autoliv can be found at www.autoliv.com

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