(Stockholm, January 23, 2008) - - - Autoliv (NYSE: ALV and SSE: ALIV), the worldwide leader in automotive safety systems, was honored by General Motors for “Outstanding Performance”.

This is the third consecutive year Autoliv has been recognized for its achievements in supporting GM’s product efforts.

“In today’s competitive market, General Motors’ direction is clear – to be the best. GM will only succeed if its suppliers are the best, too,” said Bo Andersson, GM Vice President, Global Purchasing and Supply Chain. He continued, Autoliv “has demonstrated outstanding performance and great support in launching Lambda and Malibu programs in 2007.”

Mike Ward, Autoliv’s President for North America, received the award on behalf of Autoliv. “We are very honored to receive this award from GM for the third consecutive year. GM is a very important customer for Autoliv and we strive to continuously improve our performance each year. It is gratifying to be recognized for these efforts,” said Mr.Ward.

This is the seventh consecutive year GM has recognized companies for their outstanding performance in GM’s priority areas of Supply Chain, Quality/Launch, Program Management, and Current/Future Business.

Inquiries:

Arthur Blanchford, VP Global GM Business, Autoliv Inc., Tel +1-248-375-6597

Mats Ödman, VP Corporate Communications, Autoliv Inc., Tel +46-(8) 587 20 623