At the Daimler Key Supplier Meeting in Sindelfingen near Stuttgart, Autoliv Inc. (NYSE:ALV)(STO:ALIVSDB) – the worldwide leader in automotive safety systems – was recognized for its contributions during 2011. Autoliv was selected the winner of the Supplier Award 2011 in the category Interior.
At the award ceremony the Vice President of Procurement Mercedes Benz Cars, Dr. Klaus Zehender, recognized the excellent cooperation between Daimler and Autoliv, which has resulted in several ground-breaking innovations. In his speech, Dr. Zehender specifically named the Collision Prevention Assists system in the new Mercedes B-Class and the “PreSafe” system in the Mercedes E-Class, B-Class and E-Class Coupe. Another successful cooperation according to Dr Zehender was the “BeltBag”, which is a seatbelt with an integrated airbag to reduce the load on the vehicle occupant in severe crashes.
“We are proud and humbled to have been recognized by Daimler as a winner of the prestigious award”, said Autoliv's CEO Jan Carlson who received the award from Dr. Wolfgang Bernhard, member of the Mercedes Benz Board.This is the sixth award Autoliv has received so far for its contributions to customers during 2011. In November last year, Autoliv received a Supplier Innovation Award from BMW for Autoliv’s new camera-based driver assist system launched in the BMW 1- and 3-series. In February this year, Autoliv received Toyota’s most prestigious supplier recognition, The Global Contribution Award, “for superior quality, delivery, technology, innovation and cost improvement performance”. In China, Autoliv has recently received a Gold Award from Volkswagen Shanghai, an Excellent Supplier Award from Great Wall and an Excellent Development Supplier Award from First Automotive Works. About the Daimler Award With the annual Daimler Supplier Award, the company recognizes outstanding performance in the areas of quality, costs, logistics, technology, and innovation. Daimler has defined these value drivers as well as the principles for supplier collaboration in its globally standardized cooperation model known as the Daimler Supplier Network. In addition, the values of fairness, reliability, and trust are further aspects of the evaluation.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV