STOCKHOLM, Sweden, July 26, 2004 (PRIMEZONE) -- Autoliv, the worldwide leader in automotive safety systems, has recently won DaimlerChrysler Corporation's Gold Award for its seat belt manufacturing plant in Madisonville, Kentucky, for the calendar year 2003.
The award is presented to manufacturing facilities "in recognition of outstanding performance" within a specific commodity. Autoliv's Madisonville plant was deemed one of the top facilities to supply seat belt assemblies.
"This achievement places Autoliv's plant among our highest rated suppliers locations to the Chrysler Group," writes Robert Schott, DaimlerChrysler's Vice President of Worldwide Procurement & Sourcing Strategy.
Autoliv is extremely proud of winning this prestigious award, especially after having received DaimlerChrysler's Global Supplier Award and Component Award earlier this year as well as two Gold Awards from Chrysler previous year for outstanding performance (one of which was awarded to the plant in Madisonville).
Inquiries: Lars Westerberg, President & CEO, Autoliv Inc., Tel +46-8-587 20 600 Jim Hart, Manager for Autoliv's Madisonville plant, Tel +1-270-326-3302 Mats Odman, VP Corp. Comm., Autoliv Inc., Tel +46-708-32 09 33 (mob)
Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with over 37,000 employees in 30 vehicle-producing countries. In addition, the company has technical centers in nine countries around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2003 amounted to US $5.3 billion. The Company's shares are listed on the New York Stock Exchange (NYSE:ALV) and its Swedish Depository Receipts on the OM Stockholm Stock Exchange (SSE:ALIV).
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/07/26/20040726BIT20020/wkr0001.pdf