Autoliv Wins Toyota Award of Excellence

Published in House and Home on Friday, March 11th 2011 at 2:20 GMT by Market Wire
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STOCKHOLM--([ BUSINESS WIRE ])--Regulatory News:

"Toyota has been instrumental in Autoliva�s quality work. Our production system a" the Autoliv Production System (APS) a" is based on the Toyota Production System (TPS), and many of our design and process engineers as well as production specialists have worked very closely with Toyota since the early 1990s"

At Toyota Motor Corporationa�s 2011 Global Supplier Convention in Nagoya, Japan, Autoliv Inc. (NYSE:ALV)(STO:ALIVSDB) a" the global leader in automotive safety systems a" was honored for its contributions during 2010. Autoliv was selected as a winner of the global Toyota Excellence Award for outstanding performance in aValue Improvementa. The award was given to Autoliv by Akio Toyoda, President of Toyota Motor Corporation.

In addition to the global award for aValue Improvementa, Autoliv Japan was recognized for its quality achievements.

aWe are honored and delighted to have been recognized by Toyota, one of the most quality-minded vehicle manufacturers in the worlda, said Autoliva�s CEO Jan Carlson at the Award Winning Ceremony in Nagoya. He added aToyota has been instrumental in Autoliva�s quality work. Our production system a" the Autoliv Production System (APS) a" is based on the Toyota Production System (TPS), and many of our design and process engineers as well as production specialists have worked very closely with Toyota since the early 1990sa.

Today, Autoliv supplies Toyota in all regions with airbags, seatbelts and steering wheels. In addition, Autoliva�s tech centers in Japan, North America, Europe and China support Toyota with design engineering expertise in automotive safety and with crash testing capabilities.

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 more than 43,000 employees in 29 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 2010 grew to by 40% to nearly US $7.2 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 ]([ http://www.autoliv.com/ ]).

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Autoliv Wins Toyota Award of Excellence