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Autoliv Strengthens Position in Electronics

3 November 1998

Autoliv Strengthens Position in Electronics

    PARIS and STOCKHOLM, Sweden, Nov. 3 -- Autoliv Inc.
, a worldwide leader in automotive safety systems, has reached an
agreement to make its safety electronics joint venture in France,
Sagem-Autoliv, a wholly owned subsidiary by acquiring the remaining 50% of the
shares from Sagem, the leading French electronics company.
    "This is yet another example of how we strengthen Autoliv's position in
automotive safety electronics", said the Company's Chairman and Chief
Executive Officer, Gunnar Bark.  "Earlier this year, we acquired Nokia's
automotive electronics business, including Nokia's 50% in the joint venture we
had with them.  We are currently developing an adaptive airbag system with
advanced electronics and safety radar systems for automobiles.  Today's
agreement fits very well our safety electronics strategy."
    Sagem-Autoliv was set up in 1993 with the objective of supplying
electronic control units for airbags to the French car manufacturers.  In
1997, Sagem-Autoliv had annual sales of FFR 500 million (U.S.$85 million).
    Benoit Marsaud, President of Autoliv France, will be Chairman of the new
wholly owned Autoliv subsidiary, Autoliv Electronics SAS (Societe par Actions
Simplifiees), and  Eric Siraudeau, currently General Manager of Sagem-Autoliv,
will continue as General Manager of Autoliv Electronics, SAS.

    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  and its
stock options on the Chicago Board Options Exchange.