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| Company type | Public company |
|---|---|
| |
| ISIN | |
| Industry | Automotive safety |
| Founded | 1953; 72 years ago (1953) |
| Headquarters | Klarabergsviadukten 70,Stockholm, Sweden |
Area served | Worldwide |
Key people | Jan Carlson (Chairman), Mikael Bratt (President andCEO) |
| Products | Seatbelts,Airbags,Steering Wheels, Pedestrian Protection Systems, Mobility Safety Solutions[clarification needed] |
| Revenue |  US$7.45 billion (2020)[1] |
| US$382 million (2020)[2] | |
| US$187 million (2020)[3] | |
Number of employees | 68,000 (worldwide) |
| Website | www.autoliv.com |
Autoliv is a Swedish[4][5]automotive safety supplier headquartered inStockholm,Sweden,[6][7] and incorporated inDelaware,United States asAutoliv, Inc.[8][9] It is the world’s largest automotive safety system supplier,[6] producing systems such asairbags,seatbelts, andsteering wheels forautomotive manufacturers.[10] Autoliv's name combinesauto for automobiles, and "liv" {‘li:v} theSwedish word for "life".[11][12]
Together with its joint ventures, Autoliv has over 68,000 employees in 27 countries,[13] of whom 5,700 are involved inresearch, development and engineering. In addition, the company has 14 technical centers around the world, including 20 test tracks.[14][15]
The group is among the largest Tier 1 automotive suppliers in the world, with annualrevenues exceeding US$8 billion,[16] and is part of theFortune 500, ranking #289 in 2018.[17] The company's shares are listed on theNew York Stock Exchange and its Swedish Depository Receipts on theNasdaq Stockholm.[18][19]
Autoliv was founded inVårgårda, Sweden in the form of Auto Service AB in 1953 by Lennart Lindblad.[20] In 1956, the company became a pioneer inseat 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 theStockholm Stock Exchange under the name of Autoliv AB and in 1997 it merged with the American firmMorton ASP Inc to form Autoliv Inc.[21] In June 2018, the company spun off its Electronics business into a separate companyVeoneer Inc.[22][23]
In March 2019 Autoliv was fined €121 million by theEuropean Commission for participating in twocartels that violated EUantitrust rules.[24] The company, along withTRW andTakata, coordinated the supply of seatbelts, airbags, and steering wheels toVolkswagen Group andBMW Group from 2007 to 2011.[25] Autoliv received a 30% reduction in its fine under the Leniency Notice and an additional 10% reduction for acknowledging its involvement. This case was part of a broader investigation into anti-competitive practices in the automotive parts sector, which resulted in total fines of €2.15 billion.[26]
In November 2019, Autoliv selected Fredrik Westin as Chief Financial Officer and Executive Vice President, succeeding Interim CFO Christian Hanke.[27]
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The company develops, manufactures and markets safety systems (estimated market share of approximately 42% in 2020) such as airbags, seatbelts, steering wheels, and passive safety electronics.[7] It also produces pedestrian protection systems.
