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Autoliv Opens Plant in Brazil

15 October 1998

Autoliv Opens Plant in Brazil

    STOCKHOLM, Oct. 15 -- Autoliv Inc.
, a world-wide leader in automotive safety systems, has opened
a manufacturing facility for seat belts and airbags in Brazil, the eighth
largest automobile producing country in the world.  Construction work began a
year ago, in order to begin commercial shipments before the end of this year.
    The production plant is located in Taubate, 150 km north of Sao Paulo, the
principal vehicle-producing area in the country.  This initial expansion
phase, which represents almost a US $10 million in capital expenditures,
encompasses a 6,700 square meter building with production lines for seat belts
and airbag systems.  Pre-construction studies are also underway for a steering
wheel plant in Brazil.
    Autoliv do Brasil was established in 1996 as a sales and marketing company
in Sao Paulo, at which time Ford in Brazil already was a Autoliv customer.
Since then, the Autoliv group has also been awarded contracts by Audi,
Volkswagen and Mercedes-Benz, together with future projects for General
Motors.
    Autoliv has already a plant in Argentina, which together with the plant in
Brazil will supply the entire Mercosur Free Trade Market area (Argentina,
Brazil, Paraguay and Uruguay).

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