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Autoliv Sells Non-Core Business Units

2 April 1998

Autoliv Sells Non-Core Business Units

    STOCKHOLM, Sweden, April 2 -- Autoliv Inc.
, a worldwide leader in automotive safety systems, has
sold three non-core business units which were part of the Marling Group,
acquired by Autoliv in October of last year.  The units, which manufacture
industrial webbing for various applications, have combined annual sales of
$26 million and 200 employees.  The divestitures will have a marginal,
positive effect on Autoliv's cash position.
    Collingwood Fabrics Inc., located in Collingwood, Ontario, Canada, has
been sold to Southern Weaving Canada, Inc.  The operations of Collingwood
Fabrics will be moved from the current facilities in September to create space
for Autoliv's expanding seat belt webbing fabrication and other operations
related to Autoliv's core business.
    Marling Leek Ltd. based in Leek, England, and C&S Valkenburg & Co B.V. in
Scherpenzeel, The Netherlands, have been sold to Comitex Holdings.
    The divestitures will be accounted for as of January 1, 1998.
    The Marling Group is the world leader in its core business -- seat belt
webbing for automobiles -- and is Autoliv's most important supplier of such
webbing.

    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  The company has 60 wholly owned
subsidiaries and joint ventures with close to 20,000 employees in 27
vehicle-producing countries.  In addition, the company has eight technical
centers around the world, including 19 test tracks, more than any other
automotive safety supplier.  Sales in 1997 totaled US $3.3 billion and net
income US $185 million.  The company's shares are listed on the New York Stock
Exchange , its Swedish Depositary Receipts on the Stockholm Stock
Exchange (SSE: ALIV) and its stock options on the Chicago Board Options
Exchange (CBOE: ALV.)

SOURCE  Autoliv, Inc.