Autoliv Awarded Safety Business for new 2012 Fiat 500

Autoliv Awarded Safety Business for new 2012 Fiat 500

(Stockholm, May 16, 2011) — Autoliv Inc. (NYSE: ALV), the worldwide
leader in automotive safety, has been awarded the passive safety system
for the New 2012 Fiat 500 produced for sale in North and South
America.  

“We are excited and honoured to be a supplier to Chrysler Group LLC on
this high profile model”, said Autoliv CEO Jan Carlson. “Historically,
Autoliv has been a major supplier of safety systems to both Chrysler
Group and Fiat S.p.A., however thanks to our strong global presence and
technology leadership, particularly in small car safety restraint
systems, we have been entrusted with more Fiat 500 business,” added
Carlson.

The new 2012 Fiat 500 is manufactured at Chrysler Group's Toluca
Assembly Plant in Toluca, Mexico. The new Fiat 500 marks Chrysler
Group's entry into the A-segment and is now available in Fiat Studios in
North America. In Europe, the Fiat 500 has been a very successful model
in the small car segment of the automotive market.

For the Fiat 500 being manufactured in North America, Autoliv will
produce both front and rear seatbelts, frontal airbags (driver,
passenger and driver side knee airbag), side-impact airbags for pelvic
and thorax protection and side curtain airbags for head protection as
well as the steering wheel. Autoliv also supplies the passenger airbag
and driver knee airbag for the Fiat 500 in Europe.

Inquiries:
Jan Carlson, President and CEO, Autoliv Inc. Tel +46 8 587 206 00

Fulvio Podio, Global Fiat Business Unit Director, Tel +39 011 9022505

David Jackson, Vice President Chrysler Business Unit,  Tel +1 248 475
0468