Autoliv Completes New Plant in China

Autoliv Completes New Plant in China

(Stockholm, Sweden, April 8, 2008) - - -  To increase capacity and offset the
continued customer pricing pressure, Autoliv Inc. - the worldwide leader in
automotive safety systems - has completed construction work for a new plant in
Guangzhou, China, replacing its old leased facility. This new larger facility
will enable Autoliv to better serve and increase deliveries  to vehicle
manufacturers located in southern China, primarily Japanese custom¬ers like
Toyota, Nissan and Honda.

The wholly-owned company, Autoliv (Guangzhou) Vehicle Safety Systems Co., Ltd.,
was established in 2005 operating from a leased plant. Autoliv has now completed
the construction of  a new plant not far from the old location, for
manufacturing of  airbags and seatbelts for the booming auto industry in China.
Phase I of this plant has a building area of 8,000 square meters (86,111 square
feet) and required a capital expenditure of $6.5 million, including
manufacturing lines. Production capacity of this plant can be expanded in the
future when needed with Phase II expansion. The resulting increased capacity
from this new facility will strengthen Autoliv's growth in the local Chinese
market as well as support the ongoing cost reduction initiatives in high-cost
countries. 

Autoliv's manufacturing capability has during the last years continuously
expanded in low-cost countries to meet local demand as well as consolidating
manufacturing from high cost countries. During the same  period Autoliv has
closed down plants in the United States, Sweden, France, the UK, the Netherlands
and Japan. This has enabled Autoliv to remain competitive despite the pricing
pressure in the automotive industry. As a result, Autoliv has been able to
increase its sales by more than 50% during the last five years, thereby creating
nearly 8,000 new jobs globally—an increase of nearly 25%.


Nine Chinese Plants
In China, Autoliv has nine manufacturing facilities located in the metropolitan
areas of Guangzhou, Shanghai, Changchun, and Nanjing. 
In addition to the Guangzhou facility, Autoliv has five plants in the Shanghai
area comprised of a seatbelt and airbag module plant, a weaving plant for
seatbelt webbing, and three recently-opened plants for steering wheels, airbag
inflators and safety electronics. Two plants in Changchun, for production of
seatbelts and airbag modules, and one plant in Nanjing that manufactures
seatbelts. In 2007, passenger vehicle production in China rose by 22% to 6.9
million units and is expected to exceed 12 million vehicles by 2013.

Inquiries:
Gunnar Dahlén, President Autoliv Asia Pacific, Phone +66-26698510
George Chang, President, Autoliv China, Phone +86-21-69169699


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 42,000 employees in 29 vehicle-producing countries. In addition,
the Company has technical centers in twelve countries around the world, with 21
test tracks, more than any other automotive safety supplier. Sales in 2007
amounted to US $6.8 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 (ALIVsdb).