Autoliv Provides Update at Detroit Automotive Conference
January 14 2015 - 09:25AM
Business Wire
Regulatory News:
Autoliv AB (NYSE:ALV) (STO:ALIVSDB)
Autoliv, Inc. (NYSE: ALV, and SSE: ALIV sdb), the worldwide
leader in automotive safety today provides several updates in a
speech by its CEO, President and Chairman Mr. Jan Carlson at
Deutsche Bank’s Global Auto Industry Conference, held in
conjunction with the North American International Auto Show in
Detroit.
Active safety revenues in 2014 reached around $490 million,
essentially reaching the $0.5 billion target one year ahead of the
plan established in late 2011. The Company is now preparing for the
next level of active safety and automated driving features in
addition to its current focus of selling vision, night vision and
radar products and systems.
The future offering will continue to provide world-leading
sensing products, but will additionally include highly-automated
system integration capabilities needed for future cars. Autoliv
intends to be one of the leading system suppliers in active safety
moving toward autonomous driving. The Company is continuously
building its electronics business and capabilities, and now targets
to reach $2 billion in sales for 2019 in its new electronics
business segment which became operational on January 1, 2015, out
of which around $1 billion will be active safety sales. The
electronics business segment includes passive safety electronics
and active safety.
In today’s situation with record safety related recalls in the
automotive industry the focus on quality as a number one priority
is more important than ever. Related to the current airbag quality
issues with another supplier, Autoliv has agreements with several
different OEM’s for new supply capacity of up to 25 million airbag
inflators for delivery during 2015 and 2016 and is in discussions
for the supply of millions of additional units. Autoliv is
expanding its capacity and capabilities to meet this demand as
rapidly as possible.
Autoliv intends to hold a capital market day on June 2-3, 2015
in Sweden.
A PDF version of the presentation from Deutsche Bank’s Global
Auto Industry Conference will be available at:
http://www.autoliv.com/Investors/Pages/Reports%20And%20Presentations/Presentations.aspx
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 around 80 facilities with close to
60,000 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
2013 amounted to US $8.8 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. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements, including without limitation,
management’s examination of historical operating trends and data,
as well as estimates of future sales, operating margin, cash flow,
effective tax rate or other future operating performance or
financial results, are based upon our current expectations, various
assumptions and data available from third parties. 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 such forward-looking statements will materialize or prove to
be correct as forward-looking statements are inherently subject to
known and unknown risks, uncertainties and other factors which may
cause actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements. Because
these forward-looking statements involve risks and uncertainties,
the outcome could differ materially from those set out in the
forward-looking statements for a variety of reasons, including
without limitation, changes in global light vehicle production;
fluctuation in vehicle production schedules for which the Company
is a supplier, changes in general industry and market conditions,
changes in and the successful execution of our capacity alignment,
restructuring and cost reduction initiatives discussed herein and
the market reaction thereto; loss of business from increased
competition; higher raw material, fuel and energy costs; changes in
consumer and customer preferences for end products; customer
losses; changes in regulatory conditions; customer bankruptcies or
divestiture of customer brands; unfavorable fluctuations in
currencies or interest rates among the various jurisdictions in
which we operate; component shortages; market acceptance of our new
products; costs or difficulties related to the integration of any
new or acquired businesses and technologies; continued uncertainty
in pricing negotiations with customers, our ability to be awarded
new business; product liability, warranty and recall claims and
other litigation and customer reactions thereto; higher expenses
for our pension and other postretirement benefits; work stoppages
or other labor issues; possible adverse results of pending or
future litigation or infringement claims; negative impacts of
antitrust investigations or other governmental investigations and
associated litigation (including securities litigation) relating to
the conduct of our business; tax assessments by governmental
authorities and changes in our effective tax rate; dependence on
key personnel; legislative or regulatory changes limiting our
business; political conditions; dependence on and relationships
with customers and suppliers; and other risks and uncertainties
identified under the headings “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Reports and Quarterly Reports on Forms
10-K and 10-Q and any amendments thereto. The Company undertakes no
obligation to update publicly or revise any forward-looking
statements in light 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 Private Securities Litigation Reform
Act of 1995, and we assume no obligation to update any such
statement.
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AutolivThomas J�nssonVice President Corporate CommunicationsTel
+46 (8) 58 72 06 27
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