STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
At Toyota Motor Corporation’s 2011 Global Supplier Convention in Nagoya, Japan, Autoliv Inc. (NYSE:ALV)(STO:ALIVSDB) – the global leader in automotive safety systems – was honored for its contributions during 2010. Autoliv was selected as a winner of the global Toyota Excellence Award for outstanding performance in “Value Improvement”. The award was given to Autoliv by Akio Toyoda, President of Toyota Motor Corporation.
In addition to the global award for “Value Improvement”, Autoliv Japan was recognized for its quality achievements.
“We are honored and delighted to have been recognized by Toyota, one of the most quality-minded vehicle manufacturers in the world”, said Autoliv’s CEO Jan Carlson at the Award Winning Ceremony in Nagoya. He added “Toyota has been instrumental in Autoliv’s quality work. Our production system – the Autoliv Production System (APS) – is based on the Toyota Production System (TPS), and many of our design and process engineers as well as production specialists have worked very closely with Toyota since the early 1990s”.
Today, Autoliv supplies Toyota in all regions with airbags, seatbelts and steering wheels. In addition, Autoliv’s tech centers in Japan, North America, Europe and China support Toyota with design engineering expertise in automotive safety and with crash testing capabilities.
About Autoliv
Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with more than 43,000 employees in 29 countries. In addition, the Company has technical centers in eleven 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 (http://www.autoliv.com/).
Safe Harbor Statement
This release 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 and various assumptions, and apply only as of the date of this report. Our expectations and beliefs 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. Because such statements involve risks and uncertainties, the outcome could differ materially from those set out in the statements. For a summary of such risk factors, please refer to our latest 10-K and 10-Q filed with the SEC. Except for our ongoing obligation to disclose information under law, we undertake 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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