Ford Honors Autoliv for Strong Performance in 2010
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STOCKHOLM--May 26, 2011: Regulatory News:
“This is the first time for our Electronics Division to be recognized as one of the best suppliers to Ford world-wide, which is very encouraging in our strategy to become the global leader in restraint electronics and active safety”
Autoliv Inc. -- the global leader in automotive safety systems -- was recognized at Ford Motor Company’s annual global supplier event as one of its 2010 top performing global suppliers. For the fourth consecutive year, Autoliv Spain received a gold award for outstanding quality. Addionally, Autoliv’s Canadian safety restraint electronics unit was honored with a silver award.
‘On behalf of our 46 000 associates worldwide, we thank Ford Motor Company for the recognition of our performance and we feel proud to be the only restraint supplier that has been awarded with both a gold and a silver world excellence award’ said Stefan Kroenung, Autoliv’s Vice President Ford Business. He continued, ‘This is the first time for our Electronics Division to be recognized as one of the best suppliers to Ford world-wide, which is very encouraging in our strategy to become the global leader in restraint electronics and active safety’.
Ford’s World Excellence Awards honor production and non-production suppliers that have aligned themselves with the values and operating practices of Ford. This year, Ford honored 47 suppliers in three different levels of World Excellence -- Gold, Silver and Recognition of Achievement. Gold and Silver awards are presented to suppliers demonstrating superior quality, delivery and cost performance.
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 Autoliv