First seatbelt is launched.
Autoliv becomes a subsidiary within Electrolux when this white goods manufacturing group acquires Gränges AB, an industrial conglomerate and owner of Gränges Weda.
Airbag production begins.
Sales hit SEK 200 million (US$30 million) with 800
employees (Sweden and France with 300 each and Germany with 200).
Autoflug Fahrszeugtechnik in Germany is acquired and joint venture established in Taiwan.
Izumi, the second largest Japanese steering wheel company, is acquired along with the North American seatbelt operations of the Japanese company NSK. Autoliv also acquires 40% of NSK's Asian seatbelt business and starts inflator production in Japan. Autoliv also acquires OEA, a leading supplier of initiators for airbag inflators and Autoliv's main external supplier of such squibs.
The joint venture Autoliv Mando Corporation is formed for the Korean market. Autoliv also increases its interest in Livbag to 83%.
Current CEO, Jan Carlson, assumes his position.
The remaining shares are acquired in the joint ventures in Korea, India and Northern China.
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