STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Autoliv Inc. (NYSE:ALV and SSE:ALIV) – the global leader in automotive safety systems – was recognized at Ford Motor Company’s annual global supplier event as one of its 2010 top performing global suppliers. For the fourth consecutive year, Autoliv Spain received a gold award for outstanding quality. Addionally, Autoliv’s Canadian safety restraint electronics unit was honored with a silver award.
“On behalf of our 46 000 associates worldwide, we thank Ford Motor Company for the recognition of our performance and we feel proud to be the only restraint supplier that has been awarded with both a gold and a silver world excellence award” said Stefan Kroenung, Autoliv’s Vice President Ford Business. He continued, “This is the first time for our Electronics Division to be recognized as one of the best suppliers to Ford world-wide, which is very encouraging in our strategy to become the global leader in restraint electronics and active safety”.
Ford’s World Excellence Awards honor production and non-production suppliers that have aligned themselves with the values and operating practices of Ford. This year, Ford honored 47 suppliers in three different levels of World Excellence – Gold, Silver and Recognition of Achievement. Gold and Silver awards are presented to suppliers demonstrating superior quality, delivery and cost performance.
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 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 Harbour
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, 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, product liability, warranty and recall claims and other litigations and customer reactions thereto, possible adverse results of pending or future litigation or infringement claims, legislative or regulatory changes, tax assessments, dependence on customers and suppliers, as well as the risks identified in Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2010 and our most recent quarterly Report on Form 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.
This information was brought to you by Cision http://www.cisionwire.com