At the Subaru of Indiana Automotive Inc. (SIA) Supplier Ceremony at Purdue University in West Lafayette, Indiana, Autoliv Inc. (STO:ALIVSDB)(NYSE:ALV) – the worldwide leader in automotive safety systems – was recognized with the “Excellence in Partnership” award for continued cooperation and commitment to Subaru.
At the award ceremony, Motokiyo Nomura, President and CEO of SIA presented Autoliv with the award which recognizes suppliers for excellent cooperation on new design proposals which improve cost, performance and reliability for products supplied to Subaru. This cooperation has led to Autoliv recently being awarded incremental new business on the next generation Subaru Outback and Subaru Legacy vehicles, two of the strongest selling models under the Subaru brand.
In addition to this, Autoliv recently received yet another award from Toyota. This is in addition to the Toyota Group’s most prestigious award, The Global Contribution Award, that Autoliv received a few weeks ago in Japan. This time Autoliv received the Excellent Supplier Award for “Value Improvement” from Shigeki Terashi, President & COO of Toyota Motor Manufacturing in North America (TEMA) at the Annual Supplier Business meeting held in Covington, Kentucky. Autoliv was recognized for exceeding the expectations for cost, weight and product performance improvements.In parallel, Autoliv was recognized with three awards by Toyota in Europe (TME) at their Annual Business meeting which was held at the Toyota technical center in Zaventem, Brussels. At this ceremony Hiroyuki Ochiai, TME Executive Vice President presented Autoliv with the Achievement Award for Cost Improvement as well as two recognition awards for Quality and Project management. This brings the total number of awards that Autoliv has received for its contributions to customers during 2011 to ten. In addition to Toyota and Subaru, the list of customers who have recognized Autoliv with awards for 2011 include BMW, Daimler, Great Wall, First Automotive Works and Volkswagen in China. For a complete list of the 2011 customer accomplishments please visit our corporate website at www.autoliv.com. About Autoliv
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