Regulatory News:
Autoliv (NYSE:ALV ) (STO:ALIV), the worldwide leader in automotive safety systems, was honored by General Motors for "Outstanding Performance".
This is the third consecutive year Autoliv has been recognized for its achievements in supporting GM's product efforts.
"In today's competitive market, General Motors' direction is clear - to be the best. GM will only succeed if its suppliers are the best, too," said Bo Andersson, GM Vice President, Global Purchasing and Supply Chain. He continued, Autoliv "has demonstrated outstanding performance and great support in launching Lambda and Malibu programs in 2007."
Mike Ward, Autoliv's President for North America, received the award on behalf of Autoliv. "We are very honored to receive this award from GM for the third consecutive year. GM is a very important customer for Autoliv and we strive to continuously improve our performance each year. It is gratifying to be recognized for these efforts," said Mr.Ward.
This is the seventh consecutive year GM has recognized companies for their outstanding performance in GM's priority areas of Supply Chain, Quality/Launch, Program Management, and Current/Future Business.
Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 42,000 employees in 28 vehicle-producing countries. In addition, the Company has technical centers in twelve countries around the world, including 21 test tracks, more than any other automotive safety supplier. Sales in 2006 amounted to US $6.2 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV).
This information was brought to you by Cision http://newsroom.cision.com
Contacts:
Arthur Blanchford, +1-248-375-6597
VP Global GM
Business,
or
Mats Ödman, 46-(8) 587
20 623
VP Corporate Communications
