Autoliv Selected by BMW to Develop Safety Electronics

1 November 2000

Autoliv Selected by BMW to Develop Safety Electronics

    STOCKHOLM, Sweden--Nov. 1, 2000--Autoliv Inc. , the world-wide leader in automotive safety systems, has established an agreement with BMW to supply safety electronics, in addition to the airbags, seat belts and steering wheels Autoliv currently supplies the German car manufacturer.
    The agreement includes a new ASIC (Application Specific Integrated Circuit) from ELMOS Semiconductor AG that will be part of a new safety system currently being developed by BMW. The new system is expected to be launched in model year 2003 in a new vehicle. This contract represents annual sales of $30 million for this vehicle. In addition, the alliance is expected to include other new products and future designs.
    "We are honored and proud to have been selected by such a leading and prestigious car manufacturer as BMW to be its partner for advanced safety electronics," said Jan Carlson, President of Autoliv Electronics.
    "It's a recognition of our technological leadership in complete safety systems for motor vehicles."