Autoliv Inc. to Exhibit at NAIC National Congress & Expo
15 September 1999
Autoliv Inc. to Exhibit at NAIC National Congress & ExpoNAIC NATIONAL CONGRESS & EXPO, NASHVILLE, Tenn., Sept. 15 -- Autoliv Inc., a worldwide leader in automotive safety, is pleased to announce its participation in the National Association of Investors Corp. 1999 National Congress and Expo (held in Nashville, Tennessee, September 15-18). As a corporate member of NAIC, Autoliv also participates in many regional and local investor fairs throughout the country. Autoliv has been solving occupant safety problems -- and saving lives -- for more than three decades. The world's first two-point static seat belt had our name on it. So did the world's first three-point static belt, first pyrotechnic pretensioners, and first side-impact airbag system. As consumer demand and regulatory action dictate greater degrees of occupant protection, Autoliv will be there. A commitment to research and development is the basis for Autoliv's technical achievements and our responses to consumer safety needs. New technologies include our gentle airbags, dual-stage inflators, and smart systems with the ability to sense and respond to occupant size and positioning as well as the severity of an accident. Our side-impact airbags, inflatable knee bolsters and inflatable curtains for side-impact and roll-over protection are in place now, ready to help meet the most important challenge of all: protection of human life. Historically, much of Autoliv's work has been focused on the 0.03 seconds following accident impact. Today, our agenda includes even earlier intervention. With our emerging radar-based crash-avoidance and adaptive cruise control technologies, Autoliv is also committed to helping prevent motor vehicle accidents. Our advanced products and systems reflect our vision: To create progressively higher levels of automotive safety worldwide. Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. The company has more than 60 wholly owned subsidiaries and joint ventures with 21,700 employees in 28 vehicle-producing countries. In addition, the company has eight state-of-the-art technical centers around the world, including 19 test tracks, more than any other automotive safety supplier. Sales in 1998 amounted to close to $3.5 billion and net income $188 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.