Autoliv Closes Tyco Electronics Automotive Radar Sensor Deal

Autoliv Closes Tyco Electronics Automotive Radar Sensor Deal 

(Stockholm, September 29, 2008) --- Autoliv Inc. (NYSE: ALV), the worldwide
leader in automotive safety, has completed the previously announced acquisition
of the automotive radar sensors business of Tyco Electronics Ltd. (NYSE: TEL)
for US $42 million.

This radar sensor business was a “carve-out” of the Radio Frequency and
Subsystems business unit within Tyco Electronics. Considered one of the
market-leading suppliers of automotive radar sensors in the world, the business
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 Daimler's development partner for automotive radar sensor
technology. 

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 and collision warning, lane
change assist, adaptive cruise control, collision mitigation by braking and side
pre-crash sensing, along with back-up and park assist functions. The technology
can also be used to trigger other vehicle safety features such as active
bumpers, structures, knee bolsters and active seatbelts.

This 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 enables 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. Existing customers, along with Daimler,
include BMW and Chrysler along with other non OEM customers."This strategic acquisition will undoubtedly be an important ingredient in our
intensified efforts to improve small car safety by creating a ‘Virtual Crash
Zone' around the vehicle” said Mr. Jan Carlson, President and CEO of Autoliv.

It is Autoliv's expectation that this acquisition should not materially impact
Autoliv's earnings in 2008 and have an accretive earnings per share effect in
2009.  

Inquiries: 
Jan Carlson, President and CEO, Autoliv Inc. Tel +468-587 20 600
Steve Rodé, President Autoliv Electronics, Tel +313-617-7573 (cell) 
Ray Pekar, Director Business Development and Investor Relations, Autoliv Inc.,
Tel +519-973-3799 (cell)


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 eleven 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 Harbour Statement
Statements in this presentation 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.