Autoliv Wins Automotive News PACE Award For “Green” Airbag Inflator

(Stockholm, Sweden April 8, 2014) – – –  Autoliv, Inc. (NYSE: ALV and SSE:
ALIVsdb), the worldwide leader in automotive safety systems, was announced as a
winner of the prestigious 2014 Automotive News PACE (Premier Automotive
Suppliers’ Contribution to Excellence) Award for innovative “green” inflator.
The “green” inflator ignites hydrogen, rather than pyrotechnic substances, and
creates the combustion inside the airbag cushion rather than in a heavy inflator
pressure vessel, allowing for the use of a much thinner container for the
inflator. The result is an inflator that is twenty percent lighter, thirty
percent less costly and ninety-nine percent smokeless, releasing but a few drops
of pure water after deployment. The product was engineered by Autoliv employees
located at the company’s Technical Center in Vårgarda, Sweden.

“This new inflator represents a collection of new inventions. The net result: a
better, lighter, more environmentally friendly airbag that saves lives and
reduces cost”, said Johan Löfvenholm, Autoliv’s Chief Technology Officer. “Our
mission is focused on saving lives — and Autoliv is proud to champion continuous
innovation within our industry.”

Autoliv together with Volvo Car were also recognized as “Innovation Partnership
Award” winners for the Pedestrian Protection Airbag on the Volvo V40 and XC40.
This new airbag aims to decrease the impact sustained by a pedestrian when
coming in contact with the vehicle. In such a collision, the hood of the car
would raise and a U-shaped airbag would deploy externally upon the windshield to
cover the scuttle, A-pillars and lower parts of the windshield.

Autoliv previously won the PACE Award in 2000 for the Side Hybrid Gas Generator
and in 2007 for the Safety Vent Airbag.

Sponsored by Automotive News, Ernst & Young and the Transportation Research
Center, the 20th annual PACE awards program celebrates innovation by original
-equipment suppliers in the development of new products and processes. The
awards are judged independently and were announced at the 2014 PACE Awards
banquet on April 7, 2014.

The 20th annual PACE Award was presented by Automotive News, EY and
Transportation Research Center Inc. (TRC Inc.). The competition was open to
suppliers who contribute products, processes, materials or services directly to
the manufacture of cars or trucks. The Automotive News PACE Award is accepted
around the world as the industry symbol of innovation.

Inquiries:

Henrik Kaar, Director – Corporate Communications                     Tel +46
-(0)709 578 114

Tom Hajkus, Communications Manager – Autoliv Americas         Tel +1 248-375
-6550
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 more than 80 facilities
with over 56,000 employees in 29 countries. In addition, the Company has ten
technical centers in nine countries around the world, with 21 test tracks, more
than any other automotive safety supplier. Sales in 2013 amounted to US $8.8
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
(ALIV sdb). For more information about Autoliv, please visit our company website
at www.autoliv.com.

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