Autoliv to supply replacement airbag inflators to be used by Honda
December 03 2014 - 2:24PM
Business Wire
Regulatory News:
Autoliv, Inc. (STO:ALIVSDB) (NYSE:ALV) (NYSE: ALV, and SSE:
ALIV sdb), the worldwide leader in automotive safety, will supply
replacement airbag inflators to be used by Honda Motor Company in
support of the ongoing field action initiatives in the United
States.
The agreement is made in order to meet the expanded supply of
inflators needed by Honda and is subject to definitive
documentation. In order to be able to meet increased demand,
Autoliv will build additional inflator capacity in its existing
manufacturing facilities. Deliveries are estimated to commence
after a period of about six months from today.
“In the current difficult situation with a very high level of
field actions and recalls in the market we are doing our utmost to
support our customers. With quality as our first priority we are
assessing the current and upcoming market needs in order to match
our delivery capabilities in the best possible way,” said Jan
Carlson, Chairman, President & CEO of Autoliv.
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 more than 80 facilities with close to
59,000 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, including suppling
replacement airbag inflators to be used by OEMs as well as the
associated timing. All forward-looking statements 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.
Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the
forward-looking statements. 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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58 72 06 27
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