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Autoliv and Melling Racing Enterprises Team for NASCAR

12 January 2001

Autoliv and Melling Racing Enterprises Team for NASCAR

    AUBURN HILLS, Mich., Jan. 12 Autoliv ASP Inc.
the largest supplier of automotive safety systems, announced today that they
have teamed with Melling Racing Enterprises in support of the 2001 NASCAR
Winston Cup Series.
    "Vehicle occupant protection is our only business," said Steve Fredin,
vice president of engineering for Autoliv North America.  "Our partnership
with Melling is a natural extension of our priority to develop and manufacture
the highest quality vehicle safety systems.  We are excited to bring our
design and test capabilities into this great sport."
    The sponsorship will provide Autoliv the opportunity to develop, validate
and implement additional protective technologies.  The rigorous conditions of
NASCAR racing could also facilitate the development of new safety technologies
for production vehicles.
    Autoliv develops and manufactures automotive safety systems for all major
automotive manufacturers in the world.  Together with its joint ventures,
Autoliv has 80 facilities with nearly 30,000 employees in more than 30 vehicle
producing countries.  In addition, the company has eight technical centers
around the world that contain 19 test tracks; more than any other automotive
safety supplier.  1999 sales were $3.8 billion US, with net income of $200
million US.  Autoliv is listed on the New York Stock Exchange and its Swedish
Depositary Receipts on the OM Stockholm Stock Exchange
(SSE: ALIV).