Autoliv Updates its Financial Guidance

Autoliv Updates its Financial Guidance 

(Stockholm, September 17, 2009) - - - Autoliv Inc. (NYSE:ALV and SSE: ALIV) -
the global leader in automotive safety systems -  revises its financial guidance
from July 21. 
The Company now expects its operating margin excluding restructuring charges to 
approximate 4% for the third quarter 2009. Consolidated sales for the quarter is
expected to decline in the range of 15% to 20%, provided that current currency
rates prevail, with the organic sales portion declining in the range of 10% to
15%. As a consequence, Autoliv is also revising its full year guidance.


In July, Autoliv expected an operating margin in range of 1-3% excluding
restructuring charges on an expected decline in consolidated sales for the third
quarter of 20-25%. 

For the full year, Autoliv expects - as in July -  its organic sales to be 3-5
percentage points better than light vehicle production in its largest markets,
North America and Western Europe. However, the customers' light vehicle
production plans for the last six months of 2009 have now been raised by four
percentage points for these markets. As a result and provided that current
currency exchange rates prevail, Autoliv's sales for 2009 could reach nearly
$4.9 billion despite that North American and West European light vehicle
production is expected to drop by 25% for the full year. 

The Company now expects its restructuring costs this year to approximate $100
million. In July, Autoliv said that it expected restructuring costs for 2009 to
exceed previously announced $75 million without specifying a new amount. Despite
this increase, Autoliv now believes that it could reach a break-even operating
margin for the full year including restructuring charges.  
In July, the Company expected an operating margin excluding restructuring
charges of at least 1%.

The improved outlook for the third quarter and the full year is due to a faster
recovery in light vehicle production than expected.

Autoliv will hold a Capital Markets Day tomorrow, Friday, September 18 in
Frankfurt to discuss these topics. It will be possible to listen in to the
presentations of Mr. Jan Carlson - the Autoliv CEO - and Mr Mats Wallin - the
Autoliv CFO - by accessing www.autoliv.com. The presentations will start at
approximately 8 a m (CET) on Friday September 18. Slides for both presentations
will also be available for downloading from Autoliv's corporate website. 

Inquiries: 
Jan Carlson, President & CEO, Autoliv Inc., Tel +46-8-587 20 600

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 80 facilities with
approximately 34,000 employees in 28 vehicle-producing countries. In addition,
the Company has technical centers in eleven countries around the world, with 21
test tracks, more than any other automotive safety supplier. Sales in 2008
amounted to US $6.5 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).

Safe Harbor Statement
This press release contains statements that are not historical facts but rather
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are those that
address activities, events or developments that the Company or its management
believes or anticipates may occur in the future, including statements relating
to industry trends, business opportunities, sales contracts, sales backlog, and
on-going commercial arrangements and discussions, as well as any statements
about future operating performance or financial results. In some cases, you can
identify these statements by forward-looking words such as “estimates,”
“expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “might,”
“will,” “should,” or the negative of these terms and other comparable
terminology, although not all forward-looking statements are so identified. 

All such forward-looking statements, including without limitation, management's
examination of historical operating trends and data, are based upon our current
expectations and various assumptions, including data available from third
parties, and apply only as of the date of this release. Our expectations and
beliefs are expressed in good faith and we believe there is a reasonable basis
for them. However, there can be no assurance that such forward-looking
statements will materialize or prove to be correct as these assumptions are
inherently subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control. 

Because these forward-looking statements involve risks and uncertainties, the
outcome could differ materially from those set out in the forward-looking
statements for a variety or reasons, including without limitation, changes in
and the successful execution of the action program discussed herein and the
market reaction thereto, changes in general industry and market conditions,
increased competition, higher raw material costs, particularly commodity and
energy costs, changes in consumer preferences for end products, customer losses
and changes in regulatory conditions, customer bankruptcies or consolidations,
divestiture of customer brands, the economic outlook for the Company's markets,
fluctuation of foreign currencies, fluctuation in vehicle production schedules
for which the Company is a supplier, market acceptance of our new products,
continued uncertainty in program awards and performance, the financial results
of companies in which Autoliv has made technology investments, pricing
negotiations with customers, fluctuating fuel and commodity prices and other
costs, supply issues, product liability, warranty and recall claims and other
litigation, possible adverse results of pending or future litigation or
infringement claims, legislative or regulatory changes, political conditions,
dependence on customers and suppliers, as well the risks identified in Item 1A
“Risk Factors” in our Form 10-K for the year ended December 31, 2008. 

Except for the Company's ongoing obligation to disclose information under the
U.S. federal securities laws, the Company undertakes no obligation to update
publicity or revise any forward-looking statements whether as a result of new
information or future events. 

For any forward-looking statements contained in this or any other document, we
claim the protection of the safe harbor for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995 and we assume no
obligation to update any such statements.