Regulatory News: Autoliv, Inc. (NYSE: ALV, and SSE: ALIV sdb) – the global leader in automotive safety – today announced that it has signed a Strategic Cooperation agreement with Great Wall Motor Co., Ltd., in the area of automotive safety systems. In July Autoliv signed a Strategic Cooperation Agreement in the area of automotive safety with Great Wall Motor Co., Ltd, China’s leading SUV and pickup manufacturer. According to the Agreement, Great Wall Motor and Autoliv will enhance technical cooperation in the area of active and integrated safety on top of the on-going cooperation in passive safety. Autoliv cooperation with Great Wall Motor started in 2003 when Autoliv developed and supplied seat belt for the Haval SUV. Since then, the business relationship has grown steadily with Autoliv develops and supply safety products and system for a host of Great Wall Motor models such as Florid, Coolbear and Voleex C30. Florid and Coolbear equipped with Autoliv safety products passed the EC Whole Vehicle Type Approval in 2009, while the Voleex C30 with Autoliv developed passive safety system achieved a 5-Star rating in the recent China crash rating program C-NCAP (China New Car Assessment Program). “Great Wall Motors adopts a two prong growth strategy by focusing on the domestic and international market. However the requirements on entering developed European and North American markets are becoming ever more stringent in the areas of vehicle safety and emission. The purpose of signing this Strategic Cooperation Agreement with Autoliv is to enhance the technical cooperation on active and passive safety,” said Chairman of Great Wall Motors Wei Jianjun. “Autoliv is proud to be the supplier partner to Great Wall Motor for many of the current production models as well as new models under development. This Strategic Cooperation Agreement will elevate our existing collaborative relationship to a higher level and Autoliv is excited on the opportunity to work with Great Wall Motor on new and leading edge of actively safety,” said George Chang, President of Autoliv China.
About AutolivAutoliv Inc., with its joint ventures, has 80 facilities with 46,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2010 grew to by 40% to nearly US $7.2 billion. The Company’s shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com. Safe Harbor Statement This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). All such statements are based upon our current expectations, various assumptions, and data available from third parties and apply only as of the date of this report. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that forward-looking statements will materialize or prove to be correct as these assumptions are inherently subject to risks and uncertainties such as without limitation, changes in general industry and market conditions, changes in and the successful execution of cost reduction initiatives and market reaction thereto, increased competition, changes in consumer preferences for end products, customer losses, bankruptcies, consolidations or restructuring, divestiture of customer brands, fluctuation in vehicle production schedules for which the Company is a supplier, continued uncertainty in program awards and performance, costs or difficulties related to the integration of any new or acquired businesses or technologies, pricing negotiations with customers, our ability to be awarded new business, product liability, warranty and recall claims and other litigation and customer reaction thereto, possible adverse results of pending or future litigation or infringement claims, negative impacts of governmental investigations and litigation related to the conduct of our business, legislative or regulatory changes, dependence on customers and suppliers, as well the risks identified in Item 1A “Risk Factors” in our Annual Report and Quarterly Report on Forms 10-K and 10-Q. Except for the Company’s ongoing obligation to disclose information under the U.S. federal securities laws, the Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information or future events. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the PSLRA.
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