Regulatory News:
Autoliv (NYSE:ALV)(STO:ALIV), the worldwide leader in automotive safety systems, received the General Motors 2007 Supplier of the Year award for its significant contributions to GM's global product and performance achievements. The 16th annual award - themed the "Best of the Best" -- was given during ceremonies Saturday, April 26 at the Sawgrass Marriott Hotel in Jacksonville, Fla.
This was the third consecutive year Autoliv was recognized with by GM as Supplier of the Year, and it was the first time Autoliv received the award in all technologies they supply, airbags & steering wheels, seatbelts, and safety electronics.
"We are proud to honor Autoliv as one of our Supplier of the Year winners in 2007," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "Autoliv received this honor for its outstanding performance and making a significant contribution to the manufacturing of our world-class vehicles."
"It is a great honor for us to be recognized with such a prestigious award", said Jan Carlson, Autoliv's President and CEO, after the award-winning ceremonies in Florida. "It acknowledges the hard work and sustained commitment of our 42,000 employees around the globe who, like the employees of General Motors, are committed to manufacturing excellence".
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 92 suppliers for their outstanding performance throughout 2007.
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 29 vehicle-producing countries. In addition, the Company has technical centers in twelve countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2007 amounted to US $6.8 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 (ALIVsdb).
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Contacts:
Arthur Blanchford, VP Global GM Business
Tel
+1-248-375-6597
or
Mats Ödman, VP
Corporate Communications
Tel +46-(8) 587 20 623
