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Autoliv Strengthens its Position in Romania

9 October 1997

Autoliv Strengthens its Position in Romania

    STOCKHOLM, Oct. 9 -- Autoliv Inc.
, a worldwide leader in automotive safety, has increased its
holding in Autoliv Romania S.A. from 60 percent to 80 percent.  The joint
venture manufactures seat belts, mainly for the domestic market but will also
undertake contract manufacturing for Autoliv Germany.
    Autoliv Romania has 50 employees and sales to Daewoo Automobile in
Craiova, a company started last year by the Korean car producer.  In addition,
shipments will start next month to Dacia, the leading vehicle producer in
Romania.
    Romania is expected to double its vehicle production to 300,000 vehicles
by the year 2000.
    Autoliv Inc. manufactures airbags for driver, passenger and side-impact
applications, inflatable knee bolsters, seat belts, pretensioners, steering
wheels, seat components, child seats, sensors and electronics for virtually
all major automotive manufacturers in the world.  Autoliv Inc. has more than
50 wholly-owned subsidiaries and joint ventures with 16,000 employees in 25
vehicle producing countries.  In addition, the company has more research and
development centers around the world, including 14 test tracks, than any other
automotive safety supplier.  Sales in 1996 totaled US $3.2 billion and net
income US $174 million.  The company's shares are listed on the New York Stock
Exchange , its Swedish Depository Receipts on the Stockholm Stock
Exchange (SSE: ALIV) and its stock options on the Chicago Board of Option
Exchange (CBOE: ALV).

SOURCE  Autoliv Inc.