Autoliv

Autoliv Inc.
Public
Traded as Nasdaq Stockholm: ALIV SDB
NYSE: ALV
Industry Automotive safety
Founded 1997
Headquarters Stockholm, Sweden,
Key people
 Mikael Bratt (Chairman, President and CEO)
Products Seatbelts, Airbags, Steering Wheels, Safety Electronics,
Number of employees
 >66,000 (AR2016)[1]
Website www.autoliv.com

Autoliv Inc. is the world's largest automotive safety supplier with sales to all leading car manufacturers worldwide. Together with its joint ventures, Autoliv has over 66,000 employees in 27 countries, of whom 5,300 are involved in research, development and engineering. In addition, the company has 12 technical centers around the world, including 19 test tracks, more than any other automotive safety supplier. The group is among the biggest Tier 1 automotive suppliers in the world, with annual revenues exceeding USD 8 billion, and is part of the Fortune 500, ranking #283 in 2017.[2][3] Autoliv Inc. is incorporated in Delaware, USA and headquartered in Stockholm, Sweden. The company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the OMX Stockholm Stock Exchange.[4]

History

Autoliv was founded in Vårgårda, Sweden in the form of Auto Service AB in 1953 by Lennart Lindblad. In 1956, the company became a pioneer in seat belt technology when it began production of two-point seat belts. The name of the company was changed to Autoliv AB in 1968. It was bought in 1974 by Granges Weda AB, inventors of the retractable seat belt. Granges Weda was acquired in turn in 1989 by Electrolux and changed its name to Electrolux Autoliv AB. During the 1980s and 1990s, the company grew through acquisitions, mainly in Europe. Between 1994 and 1997 the company was listed on the Stockholm Stock Exchange under the name of Autoliv AB and in 1997 it merged with the American firm Morton ASP Inc to form Autoliv Inc. In 2016, Autoliv and Nissin announced the creation of a joint new company Autoliv-Nissin Brake Systems.[5] In 2017, Autoliv and Volvo Cars formed Zenuity, a jointly-owned company to develop the next generation of autonomous driving software. In September 2017, the company announced that it was mulling a split into two entities.[6] The spin-off of the Electronics division was finalized on June 29, 2018.

Products

The company develops, manufactures and markets automotive safety systems (estimated market share of approximately 38%) such as airbags, seatbelts, steering wheels and passive safety electronics. It also produces pedestrian protection systems. Passive safety systems are primarily meant to improve vehicle safety.

See also

References

  1. ↑
  2. ↑ "Fortune 500 Full List".
  3. ↑ "Autoliv - Fortune 500". Fortune. Retrieved 2017-09-25.
  4. ↑ "Autoliv, Inc. Common Stock (ALV)". NASDAQ.com. Retrieved 2017-10-31.
  5. ↑ "Autoliv-Nissin". Autoliv-Nissin. Archived from the original on March 4, 2017. Retrieved March 3, 2017.
  6. ↑ "Autoliv lifts shares with plans to split into two listed companies". Reuters. Retrieved September 14, 2017.
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