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Autoliv Strengthens Position in South Africa

11 September 1998

Autoliv Strengthens Position in South Africa

    STOCKHOLM, Sweden, Sept. 11, -- Autoliv Inc.
, a worldwide leader in automotive safety systems, has
made its joint venture Autoflug S.A. in South Africa a wholly-owned subsidiary
of the Group by acquiring the remaining 51 percent of the shares from the
other partner Automotive Manufacturing Investment Ltd. (AMI).  Some related
assets of Dimetal S.A., a component supplier to Autoflug, was also acquired
from AMI.  The acquired operations have slightly more than 200 employees and
currently US $8 million in sales to external customers.
    Autoflug currently produces seat belts and related parts.  The most
important customers are BMW, Toyota, Ford, Nissan, Fiat and Mazda.
The light vehicle production in South Africa amounted to more than
300,000 vehicles in 1997.
    Autoliv entered the South African market in 1991 by acquiring Autoflug in
Germany, which held a 26 percent interest in Autoflug in South Africa.  The
holding was increased in 1997 to 49 percent.  Following the additional
increase in ownership announced today, the name of the company will be changed
to Autoliv South Africa S.A.

    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.)