Autoliv Expands in the U.S.

Increases capacity for sub-components to meet growing demand

(Stockholm, November 22, 2012) – – –In addition to the recently announced new
propellant factory in China, Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb) – the
worldwide leader in automotive safety systems – is adding a sixth processing
facility at its Promontory, Utah location to meet growing demand for airbag gas
generant. The company also announced plans to expand its Tremonton, Utah
facility to keep pace with market growth for initiators and micro gas generators
used in its airbag and seatbelt products.
The new facility in Promontory will add 20% more capacity to Autoliv’s existing
global gas generant production capabilities. This capacity increase will
position the company to take advantage of growing worldwide demand for Autoliv
airbag inflators. Capital investment is expected to cost approximately $13
million.

Autoliv Promontory has been at the heart of the company’s airbag operations
since the late 1960’s when the company began the airbag industry’s pioneering
research to use solid propellants for inflating airbags. Today, the facility
produces gas generant used to inflate the more than 50 million driver,
passenger, side and inflatable curtain airbags that Autoliv builds in the
Americas annually. It also houses the company’s state-of-the-art Airbag Recovery
Center for the deactivation and recycling of airbags.

The company is also adding 33,000 sq. ft. (3,065 m2) to its Tremonton facility –
already a leading global producer of initiators and micro gas generators for
automotive safety products. The majority of floor space added in this $5 million
expansion is slated for new production lines which could supply up to 30% more
capacity when the space is fully utilized. Current plans call for just two new
lines to be completed in 2013 adding 10% more initiator capacity.

The Tremonton facility has experienced double digit year-over-year growth for
the past three years and expects this trend to continue into 2013. As well as
enhancing initiator capacity, the plant is adding shipping and receiving docks
to ensure timely distribution to Autoliv customers around the world. When
completed in 2013, the two expanded Utah facilities expect to add nearly 50
employees to the labor force.

Only four weeks ago, Autoliv announced another expansion of it’s global airbag
propellant capacity. It is a completely new facility in China that will raise
this capacity by 25% on top of the enlargement of the U.S. facility. This is an
investment of $33 million, Autoliv’s single largest capital expenditure ever.

Inquiries:

Jan Carlson, President & CEO, Autoliv Inc.
                      Tel. +46 8 587 20 600
Steve Fredin, President Autoliv Americas
                      Tel +1 248 475 0423

About Autoliv
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 more than 80 facilities
with 50,000 employees in 29 countries. In addition, the Company has ten
technical centers in nine countries around the world, with 21 test tracks, more
than any other automotive safety supplier. Sales in 2011 grew by 15% to US $8.2
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 sdb). For more information about Autoliv, please visit our company website
at www.autoliv.com.

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