Autoliv Expands Active Safety Capability

Autoliv Expands Active Safety Capability 

(Stockholm, July29, 2008) --- Autoliv Inc. (NYSE: ALV), the worldwide leader in
automotive safety, has agreed to acquire the automotive radar sensors business
of Tyco Electronics Ltd. (NYSE: TEL) for US$42 million.

Considered one of the market-leading suppliers of automotive radar sensors in
the world, the business that Autoliv intends to acquire, is a “carve-out” of the
Radio Frequency and Subsystems business unit within Tyco Electronics. This part
of the business unit designs and manufactures active radar proximity and
attribute sensor systems used in vehicle driver assist and safety applications
for the global automotive market -- and is the development partner of Daimler
for automotive radar sensor technology. Existing customers include BMW and
Chrysler along with other non OEM customers.

Based in Lowell, Massachusetts, USA and Schweinfurt, Germany, the business
includes approximately 115 highly specialized technical, commercial and
manufacturing employees who will support the activities required to intensify
Autoliv's efforts in the growing automotive active safety market. 

This acquisition will enable Autoliv to leverage existing customer relationships
and safety system capability to increase its strong market position in
automotive safety electronics and immediately become one of the largest
suppliers of automotive radar products in the world."This strategic acquisition is another key step to demonstrate our commitment to
active safety while providing advanced yet affordable technology to our
customers and addressing the safety desires of the consumer," said Mr. Jan
Carlson, President and CEO of Autoliv. “As the automotive industry shifts
towards smaller vehicles, it will be increasingly important to design vehicles
to avoid a crash altogether, while improving fuel efficiency”, added Mr.
Carlson. “The pace could also be accelerated considering recent developments in
the cost of fuel and the recently updated New Car Assessment Programs (NCAP) in
both Europe and the United States.  In Europe, a ‘Beyond NCAP' protocol has been
introduced to promote advanced safety systems and in the U.S.' NHTSA will begin
to include Crash Avoidance Technology in their Star-Rating information starting
in 2009”.

The technology and intellectual property included in the transaction includes
short-, medium- and long-range radar products. Automotive safety system
applications for this technology include blind spot detection, lane change
assist, adaptive cruise control, collision mitigation by braking and side
pre-crash sensing, along with back-up and park assist functions.

It is Autoliv's expectation that the sales of the acquired business will
approach $100 million within three years and that this acquisition should not
materially impact Autoliv's earnings in 2008. In 2009, Autoliv expects the
business will have an accretive earnings per share effect and should be
accretive to operating margin and return on capital in 2010. The deal is
expected to close by the end of September 2008, assuming all regulatory
approvals are obtained.

Inquiries: 
Jan Carlson, President and CEO, Autoliv inc. Tel +468-587 20 656
Steve Rodé, President Autoliv Electronics, Tel +313-617-7573 
Ray Pekar, Director Business Development and Investor Relations, Tel
+519-973-3799 


Headquartered in Stockholm, Autoliv Inc. develops and manufactures automotive
safety systems for all major automotive manufacturers in the world. Together
with its joint ventures, Autoliv has more than 80 facilities with 42,000
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 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 Stockholm Stock Exchange
(SSE: ALIV). For more information about Autoliv, please visit our company
website at www.autoliv.com.

Tyco Electronics Ltd. is a leading global provider of engineered electronic
components, network solutions, undersea telecommunication systems and wireless
systems, with 2007 sales of $13.0 billion to customers in more than 150
countries.  The company designs, manufactures and markets products for customers
in industries from automotive, appliance and aerospace and defense to
telecommunications, computers and consumer electronics.  With over 7,000
engineers and worldwide manufacturing, sales and customer service capabilities,
Tyco Electronics' commitment is its customers' advantage.  More information on
Tyco Electronics can be found at www.tycoelectronics.com.

“Safe Harbor Statement”
Statements in this report that are not statements of historical facts may be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act. These statements involve risks and uncertainties,
including - but not limited to - the economic outlook for the Company's markets,
fluctuation of foreign currencies, fluctuation in vehicle production schedules
for which the Company is a supplier, 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, dependence on customers and suppliers, and other factors
discussed in Autoliv's filings with the Securities and Exchange Commission
(SEC). We do not intend or assume any obligation to update any of these
statements.