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| Autoliv Receives More Toyota Awards |
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(Stockholm, April 6, 2006) --- At Toyota's European Supplier Conference in Brussels last week, Autoliv Inc. (NYSE: ALV) received three additional awards from the largest Japanese vehicle producer. This follows upon the Value Improvement Award for 2005 that Autoliv received three weeks ago at Toyota's global headquarters in Nagoya, Japan.
This time Autoliv was recognized for its smooth closure of an airbag assembly plant in the U.K. and its seamless move of this production to Turkey, where Toyota is aggressively expanding its manufacturing capacity. As a result, Toyota honored Autoliv with two Achievement Awards; one in Project Management and another in Cost Management.
In addition, Autoliv's subsidiary in Turkey received an Achievement Award in Quality.
This marks the fourth time this year that Autoliv has been recognized with awards from customers. In January, the world-leading automotive safety supplier received General Motor's Outstanding Performance Award for its "performance in quality, cost, launch and delivery, as well as contributions to production and concept vehicles."
In February, Autoliv received Honda's Supplier of Excellence Award. This was in recognition of "persistent implementation of value engineering/value added activities" resulting in products with higher quality and performance at lower cost.
"We are honored and delighted to have been recognized once again by Toyota for our achievements in quality, cost reductions and delivery reliability," said Autoliv's CEO Lars Westerberg.
"These recognitions are telling evidence of our commitment to our customers' cost reduction programs and globalization plans. With manufacturing of safety systems in all major vehicle-producing countries, we can give vehicle manufacturers unsurpassed support globally as we did in Turkey last year for Toyota."
Inquiries:
Takayoshi Matsunaga, Global Business Director Toyota, Autoliv Inc., Tel +81-52-769-5971
Henrik Kaar, European Customer Manager Toyota Business, Tel +33-1-53 81 21 03
Mats Ödman, VP Corporate Communications, Autoliv Inc., Tel +46-(0)708-32-09-33 (mob)
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