Autoliv Acquires a Majority Stake in Chinese Seatbelt

Autoliv Acquires a Majority Stake in Chinese Seatbelt Maker

(Stockholm, October 19, 2010) --- Autoliv, Inc. (NYSE: ALV), the
worldwide leader in automotive safety, has acquired Delphi's 51% share
in the Chinese seatbelt maker Beijing Delphi Automotive Safety Products
(BDS). BDS is a joint venture between Delphi and the Chinese company
BHAP. 

The joint venture started in 2008 and is specialized in seatbelt
production. The main customers include Dongfeng Yueda Kia Motor Co.
(DYKMC) and Beijing Hyundai Motor Co. (BHMC). The operations are
expected to generate approximately $30 million of annualized sales in
2010 and employ approximately 240 people.

“This investment strengthens Autoliv's competitive edge and our
commitment to the Chinese automotive industry” stated Jan Carlson,
President and CEO of Autoliv Inc.   

Including the latest acquisition Autoliv now has ten manufacturing
facilities in China and is China's leading automotive safety system
supplier, both to global vehicle manufacturers in the country and to
domestic Chinese vehicle manufacturers. Recently, Autoliv opened a new
airbag cushion facility and technical center with the capacity to
perform full crash tests of complete vehicles.

Last year, Autoliv's sales in China grew by 67% and are this year
expected to grow by 50% to exceed $700 million. Chinese light vehicle
production is expected to grow by 20%.

The transaction was completed in the third quarter.

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

Georg Chang, President Autoliv China, Tel + +86 21 6992 8888