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New Autoliv Board Member

25 August 1998

New Autoliv Board Member

    STOCKHOLM, Sweden, Aug. 25 -- The Board of Directors of
Autoliv Inc. , a worldwide leader in automotive
safety systems, is pleased to announce the election of Professor (Doctor in
Engineering) Walter Kunerth as a new member of the Company's Board, effective
September 1, 1998, for a regular three-year term expiring at the Annual
Stockholders' Meeting in 2001.
    Professor Kunerth, who is currently a Senior Advisor of the investment
banking group Lazard, worked for Siemens AG in Germany for more than 20 years
and held various top executive positions, including Member of Siemens'
Corporate Executive Board with the responsibility for four business groups
with combined sales of US $8 billion as well as the responsibility for the
Central Technical Department.  Between 1998 and 1993 he was President of
Siemens' Automotive Systems Group (with US $3 billion in sales), and between
1984 and 1988 he built up the Siemens' Automotive Electronics Division.
    Before joining Siemens in 1966, he was Deputy Director of the Institute
for Production Technology and Automation of the Fraunhofer Society in
Stuttgart, an independent German Research Institute, where he also was
Director of the Department for Production Planning and Control.  He is
currently a senate-member of the Society.  He holds a Ph.D. in Engineering
from the University of Stuttgart and has been named an Honorary Professor by
the University.
    Professor Kunerth is 57 years old and a German national.  His experience
in the automotive industry and extensive background in one of the leading
international companies in electronics will strengthen the Board's diversity
and expertise.

    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 (Stockholm: ALIV) and its stock options on the Chicago Board Options
Exchange (CBOE: ALV)