Autoliv Increases Vertical Integration

Autoliv Increases Vertical Integration

Acquires textile assets from supplier

(Stockholm, November 16, 2011) --- To further increase its
competiveness, Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the worldwide
leader in automotive safety systems - today announced that it has
acquired the airbag cushion cut&sewn assets and intellectual property
from Milliken.

Under the terms of the acquisition, Autoliv is acquiring the machinery
and equipment, essentially laser cutters and sewing machines, and
intellectual property to increase Autoliv's capability and flexibility
to produce cut&sewn airbag cushions. These assets produce around 7
million airbag cushions annually and account for approximately 7% of the
global textile cushion demand for Autoliv airbag systems.

“This is another step to take further control of our important core
competencies” stated Steve Fredin - President of Autoliv Americas.
“This, along with other initiatives in South America to increase
vertical integration capacity for inflators and steering wheel
armatures, will help to maintain our competitiveness in the market
place” added Fredin.

In the Americas, the company expects cut&sewn airbag cushion volumes to
increase by more than 8 million units or 30% over the next three years.
The transaction will not affect Autoliv's net sales, since Autoliv has
been the exclusive buyer of these cushions from Milliken, but will
provide other advantages. Terms and conditions were not disclosed for
this transaction that closed on November 14, 2011.

Inquiries:
Jan Carlson, President & CEO, Autoliv Inc.
                                     Tel. +46 8 587 20 600

Steve Fredin, President Autoliv Americas    
                                    Tel. +1 248 475 9000