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Autoliv Appoints New CEO

12 November 1998

Autoliv Appoints New CEO

    STOCKHOLM, Sweden, Nov. 12 -- The Board of Directors of
Autoliv Inc. , a worldwide leader in automotive
safety systems, has appointed Mr. Lars Westerberg new President and Chief
Executive Officer.  He will assume his positions spring next year.  The
current Chairman and Chief Executive Officer of Autoliv, Mr. Gunnar Bark, will
remain Chairman of the Company's Board and work on a part time basis with
strategic issues.
    Lars Westerberg is currently President and Chief Executive Officer of the
Swedish-based aluminum and plastics company Granges AB, which has 40 percent
of its sales to the automotive industry.  Consolidated sales of the Granges
Group amount to SEK 10 billion (approx. US $1.3 billion).  The company has
6,500 employees.
    Before joining Granges, Lars Westerberg was President and Chief Executive
Officer of the welding machine company Esab AB, where he also held several
other top executive positions, including President of Esab's North American
subsidiary (between 1984 and 1987).  He started his professional career in
1972 at ASEA (today ABB).
     Lars Westerberg holds a Masters Degree in Electrical Engineering from the
Royal Institute of Technology in Stockholm and an MBA from the University of
Stockholm.  He is 50 years of age.

    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.)